Ripple CEO Talks IPO Plans And Competition Strategy Against SWIFT
Summary
Ripple CEO Brad Garlinghouse stated that the company is not planning an IPO due to regulatory challenges. Instead, Ripple is buying back shares from investors and employees. Garlinghouse highlighted Ripple's competitive edge over SWIFT, emphasizing the outdated nature of current wire transfer systems. He also mentioned the legal battle with the SEC over XRP's status, expressing optimism for a resolution soon. XRP was trading at $0.58336 at the time of the interview.
