As Extreme Inflation Looms, Ripple CEO Brad Garlinghouse Says ‘Crypto Could Help Stabilize Markets’

[cryptoxrp]

Through a tweet on his official page, Ripple Labs CEO, Brad Garlinghouse called for diversification into other assets especially cryptocurrencies to help counter the growing extreme inflation rate globally. Garlinghouse was responding to a Bloomberg article titled “JPMorgan says Bitcoin just took its first test and got ‘mostly positive’ results.”

"The extreme inflation rate in some countries like Venezuela has prompted most of its citizens to turn to cryptocurrencies like Bitcoin as a medium of exchange. However, due to the environmental ills of Bitcoin and Ethereum mining as well as lower speed, Garlinghouse is pushing for mass adoption of XRP as a means of retail transactions, hence countering the extreme inflation rate."

"With the current world turmoil pushing governments in a tight corner, a massive crypto adoption might be on the way post-pandemic."

Source: https://zycrypto.com/as-extreme-inflation-looms-ripple-ceo-brad-garlinghouse-says-crypto-could-help-stabilize-markets/