Ripple $2.8 Labs CEO Brad Garlinghouse, Bitcoin only Bitcoin 
$99,231.3 Or he argues that he should not be limited to XRP. Garlinghouse stated that we live in a very chained world and that a reserve containing various tokens would be more fair to be the representative of the sector.
Supporting different crypto currencies
Garlinghouse said that various crypto currencies such as BTC, ETH and XRP are in investment and concentration on a single token could lead to inequality.
“If a government is formed a digital asset reserve, it should represent the entire sector, not only BTC, XRP or another token.”
he added.
Trump’s digital asset plans
Last week, US President Donald Trump announced that his administration would consider whether it will create a national digital asset stocking. This idea was supported before the November elections. However, the markets predict that Trump’s administration is only 17 %likely to approve this project within the first 100 days.
Situation Against Crypto Maximalism
Garlinghouse criticized the fact that the BTC is seen as the only candidate who deserves it, and that he was opposed to crypto progress.
“Maximalism is an enemy of crypto progress, and I am glad to see that less people believe in this old and misinformed thought.”
he said.
XRP’s status
Ripple uses XRP for payments and money transfers between borders. According to Coindesk data, the XRP decreased by about 10 %on Monday at $ 2.65.
Industrial Representation
Emphasizing that the industry should contain various tokens in the creation of a digital asset reserve, Garlinghouse pointed out that focusing on a single being could disrupt the sectoral balance.
The view of Ripple CEO is that the creation of digital asset reserves in a representative and fair way will support the progress in the sector. The inclusion of various assets may contribute to the respect of the rights of different actors in the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
