Ripple CEO Says XRP Utility Is Company’s ‘North Star’, Acquisitions Overperforming
#TrumpSeeksQuickEndToIranWar XRP Utility Is Ripple’s ‘North Star’
Garlinghouse made it clear that XRP is the guiding principle behind its strategic moves. According to the Ripple CEO, improving the real-world use cases of XRP, trust, and utility are now the main factors as to how the company approaches product development and expansion. “That is our North Star of how we think about it all,” he said.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Ripple CEO Brad Garlinghouse laid out a sweeping vision for the company’s future during a Fox Business interview at a conference in Miami, touching on acquisition performance, the role of XRP as a ‘North Star’ within the company, the opportunity for stablecoins, and the regulatory path forward for the crypto industry in the United States.
XRP Utility Is Ripple’s ‘North Star’
Garlinghouse made it clear that XRP is the guiding principle behind its strategic moves. According to the Ripple CEO, improving the real-world use cases of XRP, trust, and utility are now the main factors as to how the company approaches product development and expansion. “That is our North Star of how we think about it all,” he said.
Related Reading: Morgan Stanley Eyes Bitcoin ETF With Fee That Could Shake An $83 Billion Market
This utility outlook of XRP has been central to Ripple’s acquisitions, which, according to Garlinghouse, are all already exceeding expectations. Garlinghouse mentioned that both of Ripple’s major acquisitions from last year have surpassed the company’s internal projections. Ripple Treasury, formerly known as GTreasury, and Ripple Prime have each outperformed expectations, with the most notable example being Ripple Prime tripling its revenue since the acquisition.