His comments demonstrate Ripple’s leadership in positioning XRP not as a challenger to Bitcoin, but as a strong force driving forward a digital transformation. Rather than causing division, Garlinghouse’s comments advocate for mutual progress, arguing that growth in the Bitcoin ecosystem is not a threat to Ripple’s success.
Although price comparisons have dominated much of the debate, Garlinghouse’s remarks draw attention to a bigger split in their vision. As the first cryptocurrency, Bitcoin was created to challenge the traditional global finance system.
On the other hand, Ripple’s XRP focuses on working within regulatory frameworks to improve cross-border payments among banks. Despite their differences, Garlinghouse suggested both are necessary players in a much larger transformation of the baking industry.
Garlinghouse didn’t stop at defending XRP’s relationship with Bitcoin; he expanded his vision to the future of the banking system itself. “Rewriting the entire banking system and what this looks like in maybe 10 years or 20 years. We underestimate how big that change is and how profound it is, and we get there by being collaborative and working together and not against each other,” he added.
