Ripple's Garlinghouse: XRP Plays Key Role in Cross-Border Payments Strategy

Ripple CEO Brad Garlinghouse has outlined the company's approach to XRP and cross-border payments, highlighting the need for clear regulations around cryptocurrencies.

Garlinghouse said cryptocurrencies must have practical use cases and address specific problems. He pointed to cross-border payments as an area where Ripple uses XRP, citing its transaction speed and low costs.

The company's CEO emphasized that XRP is not suitable for every use case and that different digital assets can serve different purposes.