TheStreet’s Live at the 2018 Stifel Cross Sector Insight Conference.
Ripple’s CEO Brad Garlinghouse took center stage in front of a packed house at InterContinental Boston. He was interviewed by Lee Simpson, Stifel Tech Analyst.
Here’s what Garlinghouse had to say:
Blockchain will not disrupt banks
‘There’s a lot of blockchain craziness, but there are three indicators of market winners.”
- Product Market Fit
- Customer Traction
- Regulatory Engagement
He added “Blockchain will not disrupt banks… they play an important role in the way our system works. it’s a short-sighted view…”
Bitcoin is not the panacea we thought it would be
Garlinghouse told the crowd: ‘Bitcoin is not the panacea we thought it would be..’
He told the crowd about Ripple’s XRP product. He said, “This is how liquidity will be managed in the future”. He focused on emerging markets.
XRP was described as the best digital asset for settlement. He told the crowd “Bitcoin today takes 45 minutes to settle a transaction”. If you’re comparing that to XRP. Garlinghouse claimed that transaction takes 4 seconds to settle.