Ripple CEO responds to NYSE Chairman’s comment on digital assets


In a recent tweet, Brad Garlinghouse, the CEO of the leading blockchain Fintech firm, Ripple, responded to the statement made by the New York Stock Exchange [NYSE] chairman. Jeff Sprecher, in an interview with CNBC stated that cryptocurrencies are here to stay. Regarding this, Garlinghouse stated that as volatility in the market is not equivalent to the end of stocks, similarly, digital assets will not reach their end either. In his words:

“Exciting to see more people in traditional finance world take the long view on digital assets. Just like stock market volatility ≠ the end of stocks, digital assets aren’t going away”

Despite the crash in the cryptocurrency market, the CEO of the parent company of NYSE, Intercontinental Exchange [ICE], stated that there is a place for digital assets in the regulated markets.

Intercontinental Exchange is also behind a Bitcoin futures trading platform called Bakkt. According to crypto-investor and the CEO of Galaxy Digital, Mike Novogratz,…



Read Full Story : AMBCrypto

2018-12-07 21:30:12

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