Ripple CEO Explains How XRP Bridges the Gap for Bank-Powered Payments

Ripple CEO Brad Garlinghouse recently shed light on how XRP plays a vital role in facilitating faster and more efficient cross-border transactions, directly addressing concerns about confusion between the company and its digital asset token. In a recent tweet, Garlinghouse affirmed that Ripple collaborates with banks, financial institutions, and payment providers, using XRP as a bridge to power their operations. He underscored his company’s customer base, noting 95% of customers are located outside the United States, primarily operating in Asia-Pacific where 40% of payment flows originate. Garlinghouse clarified that Ripple and XRP serve distinct roles: while Ripple is the company itself, XRP facilitates transactions within its ecosystem.