Ripple CEO Fired Back At Reporters: Ripple Has No Plans To Reset

The Ripple CEO Fired back at the latest reports where it was said that Ripple has a plan to reset the strategy of the company as we are reading more in the latest XRP news today.

Garlinghouse says that the network is working as planned. The Ripple CEO fired back the reporters from the New York Times, especially Nathaniel Popper after the news surfaced that Santander Bank is still hesitant to use the company’s native token. Popper aimed Garlinhouse citing statements by the CEO made back in 2018 around the banks that plan to use the XRP token in the near future.
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He said that the people used their savings to invest in XRP based on the projections that Garlinghouse gave by saying:

 “If investors put their money into XRP on the day @BradGarlinghouse talked about the banks planning to use XRP — and held it to today — they would have lost around 90% of their investment.”

1/ My fav skeptics are active today! (@FT @nathanielpopper) Ripple has absolutely no plans to ‘reset’ our strategy. Using XRP to solve a real-world, $10T problem, like cross-border payments, is working (1/4) https://t.co/Gkf70dq7G6

— Brad Garlinghouse (@bgarlinghouse) August 13, 2020

Garlinghouse made it clear that he believes using XRP to solve the $10 trillion problems such as the cross-border payments is working. The CEO explained that the on-demand liquidity accounted for more than $2 billion in transactions since the launch citing the volume was up by 11 times in the first half of this year when compared to the previous half in 2019. According to Bloxy, the Ripple explorer, the network has been producing more than 900,000 transactions a day during this year with an increase of 3,000,000 transactions on January 7^th.

I'm old enough to remember when the CEO of Ripple promised that banks were planning to use its crypto token XRP in the near future.

Now they have acknowledged that hasn't happened — even Ripple's biggest bank investor recently chose not to use it. https://t.co/1iWeIs8uTn

— Nathaniel Popper (@nathanielpopper) August 13, 2020

ODL now supports more than two dozen customers, Garlinghouse shared including Viamericas, FlashFX, Azimo, MoneyGram, and Glance. Popper didn’t help his case when he got the Twitter handle of Garilinghouse incorrect as the CEO noted:

 “P.S. @nathanielpopper, for future reference — quick fact check and in keeping with NYT standards — my Twitter handle is @bgarlinghouse, not @bradgarlinghouse”

The thread by the Ripple’s CEO received a string of support from the crypto community and most of the users complimenting him on his response. YouTuber and XRP supporter CryptoEri said:

 “So glad you spoke out. That was the correct thing to do.”

One user even shared a picture of a BTC ad in today’s Financial Times newspaper suggesting that the timing might not be unrelated.