Ripple CEO Brad Garlinghouse says the San Francisco-based FinTech firm could expand to using other cryptoassets for cross-border payments.
While speaking during a recent interview with CNN anchor Julia Chatterly, Garlinghouse was asked if he was open to the idea of using other digital assets.
He replied:
“The short answer is ‘yes’. Stablecoins are a little bit different and unique because even if you have a stablecoin that is dollar-denominated, you still have that cross-currency problem.
We also though, did design our products to be efficient such that if we entered a market where XRP had very little liquidity, that we could use a different digital asset where there might be more liquidity. The spreads would be tighter.
We haven’t yet found a need to do that, but certainly when we think about solving a customer problem, we do want to put the customer first. If we found there was a market somewhere on the globe where the efficiency between XRP and that fiat currency weren’t a tight spread, we might look at using a different digital asset.”
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