Ripple CEO Brad Garlinghouse Reveals Why XRP Is “Unique” as TradFi Goes All-In

Ripple CEO Brad Garlinghouse sparked speculations within the community, stating what makes XRP “unique” as compared to Bitcoin, Ethereum, and other cryptocurrencies. Prices jumped slightly as investors responded to Garlinghouse’s comments as demand grows from tradFi institutions.

What Makes XRP Unique? Ripple CEO Brad Garlinghouse Explains

During his second Crypto in a Minute feature, Brad Garlinghouse said, “We are doing something special to make it XRP in a Minute.” This comes as the coin’s global exposure keeps getting bigger.

Ripple CEO pointed out that many of the original Bitcoin’s core contributors helped build the XRPL. While Bitcoin has become a major crypto asset, developers created XRP to solve the payment problem.

This distinction matters more than ever as financial institutions bring their products to blockchain and provide crypto-related services. He asserts XRP is unique due to its speed, settling transactions within 3 to 5 seconds.

Moreover, Brad Garlinghouse asserts that XRP is extremely low-cost, with “fractions of a penny per transaction,” and that it has scalability. It has now completed over 4 billion transactions on the XRPL.

Ripple CEO also praised the community for its dedicated support. “Sometimes we’re going to be the XRP Army depending on what’s going on.” After years of regulatory battles, market ups and downs, and endless skepticism, the community has stayed loyal to XRP and Ripple. Brad Garlinghouse claimed this is what makes the coin special and unique.

Massive Infrastructure Demand from TradFi Institutions

Ripple CEO Brad Garlinghouse also joined a Binance Square session with Solana Foundation’s President Lily Liu and Binance co-CEO Richard Teng to discuss the future of crypto. They talked about crypto infrastructure, tokenization, AI, and digital payments.

Garlinghouse said the “crypto summer” isn’t about hype anymore, it’s about infrastructure. Global finance is reforming in real time amid regulatory clarity, with XRP Ledger among others leading the RWA tokenization.

He claimed “tradFi is coming for crypto in a really positive way,” mentioning Morgan Stanley’s recent foray into crypto. “We’re as close to the finish line as we’ve ever been,” Brad Garlinghouse referred to the CLARITY Act.

As CoinGape reported, the CLARITY Act secured a majority in the Senate Banking Committee to move the crypto bill forward. Ripple CEO lauds the committee for months of work and moving the crypto market structure bill for markup on Thursday.

XRP price holds strongly, while Bitcoin plunged to $79K. It is currently trading at $1.43, with a 24-hour low and high of $1.41 and $1.47, respectively. XRP price is predicted to hit $1.58 as whale wallets reached a record high.