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Ripple CEO Not Threatened by Facebook’s Libra. Should He Be?

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By CCN Markets: Ripple CEO Brad Garlinghouse said it would be a “record week” for Ripple at a conference this week. The cause? Facebook’s Libra cryptocurrency project, which has dominated headlines since its inception and reportedly isn’t ready for general use. P2P Doesn’t Scare Me Garlinghouse is reportedly confident that his target market – banks and financial institutions – will now take a fresh look at Ripple’s xCurrent product, which helps move money across borders. According to his statements, Garlinghouse believes that Facebook and Ripple are tackling different markets. Ripple focuses on large-scale settlement, while Garlinghouse thinks that Facebook’s saying:

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* First published on ccn.com

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