Financial services company Ripple could be valued at $1 trillion in the future — at least that’s what CEO Brad Garlinghouse thinks.
talk to group $XRP lovers of $XRP community day Via Social Media Platform XGarlinghouse said he is confident that crypto companies will eventually surpass that level. This feat has only been accomplished by more than a dozen of the world’s largest companies, including Nvidia, Apple, and Google’s parent company Alphabet.
“There’s going to be a trillion-dollar crypto company. I don’t doubt that for a second,” Garlinghouse said. “I think Ripple has a chance if we all work together and do things well.” $XRP Ecosystem, becoming that company. ”
“And there’s probably more than one,” he added.
In November, the company raised $500 million Financial giants such as Citadel Securities and Fortress Investment Group have valued it at about $40 billion. It would need to jump 25x to reach the $1 trillion level.
The Ripple frontman, who has been with the company since 2015, told listeners to look away from the recent volatility and drawdown. $XRP Major crypto assets Bitcoin They fell 33% and 26%, respectively, in the last month.
“We still have a long way to go, and I don’t want to gloss over that in any way,” Garlinghouse said of the rise of cryptocurrencies since joining Ripple. “But these are huge markets, and the opportunity to rewire, accelerate and make financial infrastructure more efficient is really huge.”
The company’s influence has grown over the last year as it spent billions of dollars on acquisitions to enhance its services, most notably acquiring companies. Prime broker Hidden Road acquired for $1.25 billion and Financial management company GTreasury acquired for $1 billion. The company also spent $200. $1 million in stablecoin company Railand Wallet as a Service Provider amount is not disclosed. fence.
But Garlinghouse said it’s more about “consolidation” than acquisitions for Ripple this year, telling listeners not to expect “big acquisitions” but hinted that the company could “become more curious again” in the second half of the year.
In addition to focusing on integration, Garlinghouse revealed that his company’s objectives are tied to: $XRPcall the token. It was created by Ripple’s founder and serves as Ripple’s native cryptocurrency. $XRP Ledger network – the company’s “North Star”.
“Ripple’s raison d’être is to drive the success of those around it.” $XRP and $XRP “We will continue to build products and services that customers love and will pay for to make Ripple successful, but that contribute to the entire ecosystem,” he said. $XRP ecosystem. ”
$XRPhas been created. Last year, it hit an all-time high of $3.56.down about 1.7% over the past 24 hours and recently hovering around $1.38.
