Ripple $2.47 CEO, Brad Garlinghouse, said US President Donald Trump’s approach to the industry can increase the interest in crypto technologies. The CEO said that the growth rate of the crypt asset market will increase after the end of unnecessary legal restrictions in the United States.
Change in the US and Global Market
Garlinghouse said that previously filed the US government’s cases forced the market, this situation obtained the majority of Ripple customers from financial institutions abroad. He emphasized that the current financial infrastructure, where billions of dollars are transferred throughout the world, is based on old systems and the need for modernization.
Brad Garlinghouse said: “When the US government filed a lawsuit, we were frozen in the US market. 95 %of our customers are now except the United States.
Today, Trump openly supports companies such as US -based Ripple, and provides an environment that is suitable for their expanding their business throughout the country and globally.
Ripple and future
CEO added that Blockchain technology can be used in many areas such as stock purchase and sale, real estate and various financial transactions. He pointed out that technology has the potential to restructure the financial infrastructure in the US. This transformation process can take place in a long period of time like ten to twenty years.
Brad Garlinghouse said: ız Six weeks after Trump election, we signed a lot of agreements in the US compared to the previous six months. The effect of technology will last 10 to 20 years, but the US benefits it with a delay. ”
Comments contain possible changes in market dynamics and promising signals of technology integration. It is stated that Ripple will benefit from these developments and the transformation in the financial sector will accelerate.
Garlinghouse’s statements show that the usage area of crypto technologies will expand and that the existing global financial system can play an important role in adapting the digital age. This may create positive expectations for the future for industry players and followers.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
