Ripple CEO Brad Garlinghouse extolled the positives of XRP compared to BTC and ETH
In his recent interview with CNBC, the CEO of Ripple, Brad Garlinghouse, says that the XRP has “zero inflation dynamics” because all existing tokens have been pre-defined:
“All the XRP that has ever been created has already been created, so it is a dynamic of zero inflation.”
Garlinghouse says Ripple has a lot, but the XRPL consensus algorithm prevents the creation of more tokens.
This, according to the executive, differentiates it from the proof of work (PoW). Cryptocurrencies like Bitcoin and Ethereum are still being explored.
Ripple currently holds 6.1 billion XRP tokens, with 47.7 billion more blocked in the company’s Escrow Account.
Usual discussion points
When questioned about the lawsuit filed against the company by the U.S. Securities and Exchange Commission, Garlinghouse reiterated Ripple’s defense that the XRP is not an investment contract because the token holders cannot claim a stake in the company.
In addition, Garlinghouse continues to insist that Ripple does not control XRP, which is a widely contested claim:
“Ripple does not control XRP. XRP is an open source technology, very similar to Bitcoin. In contrast, XRP is very efficient in terms of transaction speed. It is a carbon neutral blockchain. ”
The executive also praised the company’s international payments business, claiming that it can unlock “trillions of dollars”:
“We can make them in real time, very efficient, very low cost and this is good for the global economy. We can unlock trillions of dollars of trapped capital to make the economy more efficient. ”
Traditionally, Garlinghouse also laments the lack of regulatory clarity on the part of the United States.
As reported by U.Today, the SEC is now asking for a court order to depose more Ripple employees.