“That’s the opportunity,” Garlinghouse said.
Interestingly, he also elaborated on a future of how Ripple captures that opening by incorporating crypto payment rails directly into the dashboards corporate treasurers already use. He described a future where corporate treasurers and CFOs can choose between traditional payment rails that take days and cost more, or blockchain-based options that settle in minutes. That choice could be the important factor that brings crypto deeper into global finance.
However, the Ripple CEO is now pushing the projected timeline further. He revised his timeline by 30 days and is now expecting progress closer to the end of May but maintained that negotiations are ongoing and that all stakeholders are still engaged. All that needs to happen now is a compromise on this important issue around how rewards are managed.
According to Garlinghouse, passing clear regulatory guidelines for the crypto industry is important for keeping innovation and capital within the United States and for the US to be competitive on a global scale. Without clear regulatory guidelines, there is a risk that entrepreneurs and investments will continue moving offshore.
Featured image from Unsplash, chart from TradingView
