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Ripple CEO Predicts Crypto Industry Will Become Stronger Because of Current Crisis

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Alex Dovbnya

Ripple’s CEO addressed the market turmoil while touting his company’s key achievements at the annual Swell conference

In a recent tweet, Ripple CEO Brad Garlinghouse predicts that the cryptocurrency industry can emerge stronger from the ongoing crisis.

For this to happen, the industry must remain focused on transparency and trust.

Garlinghouse is convinced that Ripple will continue to lead Europe in this regard.

During Ripple’s annual Swell conference, the executive touched on crypto utility, macroeconomic factors affecting the industry, and other relevant issues.

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Garlinghouse also touted some of Ripple’s key achievements over the past year. For example, the RippleNet network, which connects financial institutions around the world, has already crossed $30 billion in payments, which includes both fiat and crypto.

About 40 payout markets are now live for Ripple’s on-demand liquidity (ODL) solution. The San Francisco-based company recently partnered with MFS Africa, the largest payment gateway in Africa, to bring payments to the continent.

The Global Payments Conference takes place in different locations every year. In the past, the XRP price would experience significant price rallies before the event, but this was not the case this year.

The cryptocurrency market remains on the ropes due to the collapse of the FTX exchange. In a recent interview with CNBC International, Garlinghouse suggested that the controversial trading platform was a fraudulent scheme.

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