The CEO of Ripple, Brad Garlinghouse, expressed himself today on his Twitter profile about the bitcoin utility, what looks like a store of value against inflation, while XRP would be a suitable payment method.
Never a dull moment in crypto! Institutional investor interest is skyrocketing… industry growth comes down to real world utility. As a store of value, BTC is an extremely useful inflation hedge. XRP’s speed, cost and scalability make it extremely useful for payments. (1/2)
– Brad Garlinghouse (@bgarlinghouse) November 19, 2020
According to Brad Garlinghouse, the cryptocurrency Ripple is fast, scalable and enables cheap transactions, which makes it perfect to be used as a payment method.
Unlike Bitcoin, which has now become an asset that people want to invest in to hedge against inflation, which is likely to hit the world soon due to the Coronavirus and the Fed's stimulus plan that will result in the printing of more and more dollars.
Obviously, Brad may be biased as he is the CEO of Ripple and would like XRP to be used more and more, but it is also true that Bitcoin is certainly not particularly suitable as a payment methodIn fact, we have often seen how its fees historically were not as low as other cryptocurrencies, although it is always the cryptocurrency with the most volumes and the one that attracts the most interest.
Brad Garlinghouse on Bitcoin Regulation
Citing an article from Fortune.com, the CEO of Ripple explains that it is time for the regulators recognize the potential of cryptocurrencies and regulate them accordingly without restricting the industry.
For too long, regulation in the crypto world has been said to be non-existent or ineffective, militant and inaccurate. Also for this reason, especially until some time ago, many traditional institutions or companies stayed away from bitcoin and cryptocurrencies, fearing that governments would eventually decide to limit their use.