technology··1 min read
Ripple CEO Touts Mastercard Deal as Validation of XRP Vision
Brad Garlinghouse says the industry now embraces ideas it once ridiculed.
Ripple CEO Brad Garlinghouse has pointed to the company's recent partnership with Mastercard as evidence that the broader financial industry is now adopting a vision for cross-border payments that it once mocked.
Industry Adoption
Speaking about the deal, Garlinghouse noted that Mastercard's integration with Ripple's network reflects a shift in sentiment. He argued that critics who dismissed XRP's potential are now copying the same model for blockchain-based settlement.
- Mastercard will leverage Ripple's technology for faster cross-border payments.
- The partnership aims to reduce settlement times from days to seconds.
- Garlinghouse sees this as a turning point for institutional acceptance of crypto.
The deal marks another step in Ripple's efforts to establish XRP as a bridge currency for financial institutions. Garlinghouse has previously stated that regulatory clarity in the U.S. would accelerate such partnerships.