Ripple will go public after the entire SEC lawsuit ordeal is completed as Brad Garlinghouse said during a Consensus 2021 conference which we read more about in our latest Ripple news.
Garlinghouse confirmed that Ripple will go public after the SEC lawsuit and said that the lawsuit will probably be settled. During another interview, Garlinghouse said that XRP is a zero inflationary token, unlike BTC and ETH. Speaking at the event, Ripple’s CEO said the company looked into options for how it could become public in 2020 but the SEC’s allegations that it had conducted an unregistered security offering stopped all plans.
Ripple still intends to head down the road again once the lawsuit is closed and so far, the company registered a few minor wins as the court ordered the commission to provide documents on ETH and BTC and disallowed the agency from getting access to personal financial records of Ripple executives. Garlinghouse said:
“The likelihood that Ripple is a public company is very high at some point.”
A month before Garlinghouse explained this, the CEO of SBI Group Yoshitaka Kitao who is also among the biggest partners for Ripple, said that the payment processor will go public after the SEC lawsuit. During another interview with CNBC, Garlinghouse commented on Ripple’s inclusion in the top 50 disruptors list companies and claimed that the XRP token has a few major benefits over ETH and BTC. For example, he noted that transfers with Ripple’s native digital asset are much cheaper and faster and also talked about the growing concerns about BTC’s carbon footprint and indicated that XRP doesn’t have that problem.
Moreover, he said that all of the XRP tokens have been created already so tehre is zero inflation dynamic. He admitted that the payment processor owns a huge portion of the token but the consensus algorithm prevents it from creating even more coins. At the same time, BTC has a maximum supply of 21 million coins that exist but not all of them are minted yet so the inflation is slashed in half every four years but new coins are stil being generated. ETH works similarly but has no limited supply.
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