Brad Garlinghouse says Ripple {XRP} is pro-banking, as the price encounters resistance

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Ripple proves that it cannot escape from centralization and regulations involving authorities. This top crypto asset is presently priced at $0.298302. The price of XRP dropped by 5.31% in the course of the past 24-hours. The trading volume recorded is $1.644 billion.

The total market cap of Ripple is $12.697 billion. The circulating supply involves 42,566,596,173 tokens. The CEO of Ripple, Brad Garlinghouses has responded to Treasury Secretary Steven Mnuchin. This is due to Steven revealing his grievances with respect to cryptocurrencies.

He has now cleared doubts in the minds of all those who felt that Bitcoin {BTC} and Ripple {XRP} was similar. Ripple has been centralized since the beginning of its inception.

The moves involving welcoming financial institutions might be welcomed by those of the XRPArmy, but many in the cryptosphere remain sceptical. Satoshi Nakamoto wished to fight against regulations. Will the original vision of the Bitcoin Revolution make any impact on Brad’s mind?

Garlinghouse stated that Ripple “is not like the others”. Cross-border payments are the area where Ripple {XRP} currently excels at. He said, “…I have been very vocal that crypto isn’t likely to disrupt the U.S. dollar and other G20 currencies in my lifetime…For the industry to succeed, we need to work with regulators and within policies.”

This is absolutely untrue as it defeats the very purpose of being an independent asset. The CEO further went on, citing innovations is a crucial way to move forward. Bitcoin and other altcoins have been labelled as a “security risk” after Trump tweeted against it.

Following this dilemma, Trump seemed to call out members of the Democratic Party. Many have said that he had been an incredible “racist”.