Garlinghouse masterfully frames a centralized ledger as the pragmatic solution to banking's legacy inefficiencies. It is a polished pitch that prioritizes institutional utility over the original decentralization ethos of cryptocurrency.
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XRP Explained in 60 Seconds Ripple CEO Brad GarlinghouseAdded:
Hi, I'm Brad Garlinghouse. I'm here for my second crypto in a minute here at XRP Las Vegas. So we're doing something special to make it XRP in a minute.
>> [music] >> I'm Brad Garlinghouse. I'm back for XRP in a minute. What makes XRP unique?
>> [music] >> I'm going to go way back in time and talk about the earliest inventors of XRP ledger who had been contributors to the core of Bitcoin. And they saw in that an opportunity to build something specialized and specific and unique to really solve a payments problem.
And so what makes XRP so unique is its speed, settling transactions in 3 to 5 seconds, its cost, extremely low cost, fractions of a penny per transaction, and its scalability, now having completed over 4 billion transactions.
You add in that with a special dash of an incredible community around XRP, what I like to call the XRP family. Sometimes we're going to get we're going to be the XRP army depending on what's going on.
But you put those things together and you include the longevity of this blockchain, you have something special and unique that is poised for great success in the years ahead.
>> [music]
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