Financial services firm Ripple could grow to a $1 trillion valuation in the future—at least, that’s what CEO Brad Garlinghouse thinks.
“There will be a trillion-dollar crypto company, I don’t doubt that for a second,” said Garlinghouse. “I think Ripple has the opportunity, if we do things well in partnership with the overall XRP ecosystem, to be that company.”
“And maybe there will be more than one,” he added.
“We’ve got a long way to go, and I certainly don’t want to gloss over that,” said Garlinghouse of crypto’s rise since he joined Ripple. “But these are massive markets, and the opportunity to rewire, accelerate, and make the financial infrastructure more efficient is truly profound.”
But for Ripple this year, Garlinghouse said it's more about “integration” than acquisitions, telling listeners not to expect any “big acquisitions,” though indicating in the second half of the year the firm may be “more inquisitive again.”
In addition to its focus on integration, Garlinghouse made it clear his firm’s purpose is tied to XRP, calling the token—which was created by Ripple’s founders and serves as the native cryptocurrency for the XRP Ledger network—the firm’s “north star.”
“Ripple’s reason for existence is driving success around XRP and the XRP ecosystem,” he said. “We will continue to build products and services that customers love and will pay for to make Ripple successful, but it’s in service of the overall XRP ecosystem.”
