The bitcoin and cryptocurrency field is already crowded and only going to get more so. Ripple chief executive Brad Garlinghouse has been working to sign up the traditional financial ... [+] services industry to Ripple's technology, which is increasingly using the XRP cryptocurrency Ripple created. Ripple faced a backlash at the end of last quarter after its record XRP sales, with many accusing the company of dumping XRP and flooding the market, causing the XRP price to plummet. "The XRP ledger is roughly 1,000 times faster per transaction and 1,000 times cheaper per transactions [than bitcoin]," Garlinghouse told bitcoin and crypto venture capitalist, Anthony Pompliano on the Off The Chain podcast. "I think that the way they approached it demonstrated, frankly, [from] my point of view, arrogance in how they rolled it out," Garlinghouse told attendees at an Information event.

Source: Forbes October 20, 2019 09:11 UTC