Ripple CEO Brad Garlinghouse claims 6% of SWIFT transactions require human intervention

The CEO clarified that the company has not focused on the Central Bank Digital Currency [CBDC] issuance and emphasized on the need for interoperability globally. Garlinghouse argued that “even in a world of CBBC’s”, interoperability was needed in order to solve the cross-border transaction dealings issue.

Garlinghouse had earlier dismissed JP Morgan’s in-house stablecoin dubbed “JPM Coin” stating “lack of interoperability” as the reason.

Published at Mon, 20 May 2019 05:16:10 +0000

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