As gossip surrounding the future of Ripple continues, the founder and CEO of the digital currency has responded.

Since it was created in 2012 to fill the gap in the global business market, Ripple has aimed to provide an efficient, simple and quick process to transfer funds around the world. As of 2018, the price of Ripple has been anything but stable – having risen drastically and then plummeting. It was then rumoured that the digital currency was failing to meet its objectives, spreading fear and panic throughout the community of investors.

Last week, CEO Brad Garlinghouse spoke at a trade show in an attempt to repair confidence surrounding Ripple. He explained that when he hears critics arguing that banks will never utilise digital currency, he simply thinks back to when Randall Stevenson believed that AT&T would never use IP. He further commented that central banks would employ any product and service that would aid them to deliver an improved product to their customer.

The idea behind Ripple is to connect decentralised payment platforms allowing for links to be made amongst multiple ledgers. Garlinghouse also reiterated the idea that Ripple will provide a solution to nostro accounts, which are foreign money accounts held by a bank in another financial institution. Despite what the critics say, Ripple remains as the third biggest digital currency in the world.