Ripple: Even Big Banks Will Embrace Crypto

Brad Garlinghouse, the CEO of cryptocurrency project Ripple, has said that even the world’s largest banks would one day be forced to accept cryptocurrency and blockchain, even as they threaten to dislodge their current stranglehold on global finance.

He told this to Kara Swisher on her Recode Decode podcast, saying how Ripple had not fought against the current banking institution but had instead cooperated with regulators and financial institutions. Garlinghouse believed that systems that tried to find ways round state restrictions related to money laundering and terrorist financing would eventually fail because banks were here to stay:

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