Crypto Industry Needs Real Use Cases for Exponential Growth: Ripple CEO

IconCryptoNewsTerminal Staff14 Jun, 2024

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Crypto Industry Needs Real Use Cases for Exponential Growth: Ripple CEO

Ripple (XRP) CEO Brad Garlinghouse believes that the crypto industry needs to focus on building real-world use cases to achieve exponential growth. Speaking at the XRPL community summit, Garlinghouse emphasized the importance of moving beyond speculative trading and into practical applications that solve real-world problems. "The industry has been focused on speculation and quick profits," said Garlinghouse. "But to achieve exponential growth, we need to shift our focus to building real use cases that provide value and utility." Garlinghouse highlighted the example of Ripple's own blockchain technology, which is used by financial institutions for cross-border payments. By providing a faster, cheaper, and more transparent alternative to traditional payment methods, Ripple is helping businesses save time and money. "This is just one example of how crypto can be used to create real-world impact," said Garlinghouse. "By focusing on building use cases that solve real problems, we can unlock the full potential of this technology."

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