Ripple CEO "Not an XRP Extremist"...Declares Support for Bitcoin's Success

▲ Ripple CEO Garlinghouse, XRP/ChatGPT generated image

Ripple CEO Brad Garlinghouse drew a line, stating that he is not an XRP extremist and "supports the success of other blockchains, including Bitcoin (BTC)." While XRP is a core pillar of the company, he opposes the trend of the cryptocurrency industry solidifying around a single chain.

On May 6 (local time), Coingape reported that Garlinghouse stated in an interview at Consensus Miami, “I have never been an XRP maximalist.” Garlinghouse expressed his wish for other chains, including Bitcoin, to succeed and emphasized that tribalism in the crypto industry is detrimental to the entire sector.

Garlinghouse highly praised the strength of the cryptocurrency community but distanced himself from the attitude of prioritizing only specific chains. He referred to the XRP Army as a very powerful and supportive ally for Ripple. He further explained that the community atmosphere at the XRP Las Vegas event held last week was more vibrant than ever.

However, Garlinghouse did not deny the connection between Ripple and the XRP ecosystem. He reaffirmed that XRP is Ripple's “North Star” and stated that Ripple bears responsibility for the ecosystem as it remains the largest XRP holder. He also mentioned that Ripple's acquisitions are aimed at accelerating XRP adoption and increasing liquidity.

Garlinghouse also expressed an optimistic stance on the U.S. cryptocurrency market structure bill. He said he believes the Senate can push the bill through to its final stage. Coingape reported that Senator Thom Tillis recently released the latest bill text after a compromise that maintains the stablecoin compensation structure.

The issue of layoffs due to the spread of artificial intelligence was also a major topic of the interview. Garlinghouse explained that at Ripple, AI is being used as a growth engine rather than a means of workforce reduction. He views AI as a tool to acquire more products and users faster, and not solely for replacing people.

Garlinghouse pointed out that some companies are using AI as a pretext to cover up poor management. He said that AI can be a key enabler for growing industries like cryptocurrency. He also acknowledged that Ripple, as a private company, might have some advantages in terms of cost savings due to its structure.

While Coinbase cut 14% of its total workforce due to its AI transition and market conditions, Garlinghouse defined Ripple's AI strategy as an expansion strategy, not a reduction strategy. Ripple simultaneously emphasizes its responsibility for the XRP ecosystem and a multi-chain industry perspective, focusing on adoption and liquidity expansion rather than closed competition centered on specific assets.

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