Ripple CEO Brad Garlinghouse Fires Back at Claims it Has No Use and No Real Customers
It was a classic ‘executive vs. journalist’ feud, and Ripple’s CEO Brad Garlinghouse took part in. In a bitter Twitter exchange on January 5, 2018, Garlinghouse took no time to fire back at Nathaniel Popper, a New York Time journalist.The latter claims that Ripple XRP has little purpose and is merely a tool for speculation.
In his first tweet, Popper backed up his claims saying that banks are not using Ripple XRP and that it is difficult for him to actually verify if it, indeed, has customers.
Over the last day I’ve asked several people close to banks if banks are indeed planning to begin using Ripple’s token, XRP, in a serious way, which is what investors seem to assume when they buy in at the current XRP prices. This is a sampling of what I heard back: pic.twitter.com/zbfMqg4TpD
— Nathaniel Popper (@nathanielpopper) January 5, 2018
Popper then shared a picture of what seemed to be a summary of his research. Among the points highlighted were that “XRP is not used for anything” and that” it would surprising to see if XRP would be used by banks at all.”
Garlinghouse replied to his tweet, saying, “Over the last few months I’ve spoken with ACTUAL banks and payment providers. They are indeed planning to use xRapids (our XRP liquidity product) in a serious way.” He then continued on saying that that xRapids pilot went perfectly.
Over the last few months I’ve spoken with ACTUAL banks and payment providers. They are indeed planning to use xRapid (our XRP liquidity product) in a serious way. This is a sampling of what I heard: pic.twitter.com/y3TN8YRC34
— Brad Garlinghouse (@bgarlinghouse) January 5, 2018
Warren Paul Anderson, Ripple’s product manager for XRP, also defended XRP saying that the company is more than just a blockchain software.
His tweet reads: Do you think I left Bitcoin and joined Ripple to build bank software? Think again.”