Blockstream CEO Adam Back said Ripple CEO Brad Garlinghouse is spending millions of proceeds fromselling XRP backups of his company, for the purchase of military-technical cooperation
Brad Garlinghouse has long beenBitcoin optimist and owns a large amount of asset. However, speaking at a Fortune Brainstorm Finance conference last June, Garlinghouse said there would be several dominant cryptocurrencies in the future.
In his opinion, XRP and BTC can comfortablycoexist because they serve different purposes: XRP – it is a solution for cross-border payments, while Bitcoin has already proven itself as a viable store of value.
Ripple is often accused of being“dump” native token, dumping XRP as part of monthly wholesale sales of 1 billion XRP. However, the company denies all accusations and a few days ago Brad Garlinghouse noted that “Ripple can’t control the price of XRP any more than whales can control Bitcoin.”
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