The chief executive of Ripple Labs says that the payments platform is looking to use its cash reserves to the tune of $1 billion to expand the company’s offerings.
Speaking at the Dubai Fintech Summit, Ripple CEO Brad Garlinghouse says the company is looking to grow and become more than just a payments platform and liquidity provider.
“I think [what] will be next is certainly something Ripple thinks about. We started with enterprise-based cross-border payments. We talked about there being four primitive pieces to blockchain-based technologies: liquidity, compliance, custody and tokenization.
And Ripple really aspires to be more than just that liquidity and cross-border payments. I think you’d expect that we will expand into some of those other areas, either organically or through
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