Transactions with Ripple (XRP) cryptocurrency coin are a thousand times cheaper and faster than with Bitcoin. About this, talked Ripple CEO, Brad Garlinghouse at the conference Swell 2018 in San Francisco.
He added that the XRP token has established itself as the most effective tool in the field of payments.
“I really don’t think about the price performance. I do think about the technical performance. And I think about the fact that XRP is about 1,000 times faster than a Bitcoin transaction and about 1,000 times less expensive than a Bitcoin transaction.
XRP has demonstrated it is the most efficient digital asset to solve a payment problem. What I say internally at the company, very genuinely, is I don’t know how to think about the price of XRP over three days, three weeks or three months. I think about how do we build an incredibly successful product and solutions on top of this decentralized open-source technology to solve a customer problem,” said the head of Ripple.
Garlinghouse also said that the price of XRP is not so important to him. He added that he did not know what it would be like in three days, three weeks or three months. He is interested in the technological side of the issue and the creation of open source products that solve customer problems.
At the conference, the head of Ripple also announced the start of commercial use of the xRapid product.
Note that in September, Brad Garlinghouse said that fiat currencies will not lose relevance in the near future.