Ripple CEO responds to Joseph Lubin's letter to staff; states Ripple's approach
On December 6, Brad Garlinghouse, the Chief Executive Officer of the leading blockchain Fintech, Ripple, responded to one of the old letters sent by Joseph Lubin to his company, ConsenSys, at the beginning of this year. Here, the Founder of ConsenSys had elaborated on the desired shift in the company strategy and infrastructure to propel growth. To this, Garlinghouse on Twitter wrote:
“Interesting read about the strategy shift underway @ConsenSys; 2019 is about cutting back on the almost-50 spokes of the company to try and find a lane to stick to.”
He carried on with the series of tweets and mentioned that institutions are driven by capitalism rarely work without discipline. In his words:
“Undisciplined capitalism rarely has staying power. It has never “been enough to show up” it has never “been enough to do something cool”, it has never been “enough to make a splash”.”
The leader switched to speaking about his own firm, Ripple, where he conveyed that blockchain experiments that are conducted in the space are not the same as a business model. As per Garlinghouse, this is the approach behind Ripple’s focus on use cases for the technology from the very beginning. He also propagated that the approach is instrumental in solving real problems for real customers.
Brad Garlinghouse’s tweet | Source: Twitter
Ripple is a company that has demonstrated the significance of adoption through their focus on partnerships and collaborations in the past. One such example was constructed yesterday when XRP was selected as the first settlement mechanism for Corda Settler by the blockchain solution firm, r3.
It has also been established many times that the leaders at Ripple believe in working with the systems – regulations and infrastructure – is a key approach in bringing change and pushing adoption. Earlier this year, in an interview with CNBC Fast Money, Garlinghouse spoke about crypto-adoption and blockchain where he stated:
“It’s incredibly important that the entire industry recognizes that we have to work with the regulators, we have to work with the system. The blockchain revolution is happening from within the system it’s not going to happen from outside the system.”
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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.