Traditional Finance Showcased as Slow and Expensive

Ripple's CEO Brad Garlinghouse has pointed out the inefficiencies of traditional finance by highlighting a recent gold transfer between continents.

The central bank of the Netherlands moved 86 tons of gold from North America to the UK to simplify access to reserves, demonstrating how slow and expensive processes can be in classic finance.

Ripple's CEO believes that such operations highlight the need for faster financial rails, emphasizing that cryptocurrencies like XRP can transfer value across borders without physical assets, making them a more flexible approach than traditional systems.