Garlinghouse stated that they will prioritize $XRP in customer transactions when the appropriate conditions are met. However, they emphasized that using $XRP for every payment may not be the most suitable option.
He said that traditional fiat currencies or the $RLUSD stablecoin developed by Ripple might be more suitable for some transactions.
Garlinghouse also shared important data regarding the total transaction volume of $16 trillion conducted through Ripple products.
According to the Ripple CEO, 99.9% of current transactions are still conducted through traditional financial payment networks.
Garlinghouse stated that he expects between 1% and 3% of this transaction volume to begin being conducted on blockchain next year.
Based on the current volume of $16 trillion, this estimate suggests that approximately $160 billion to $480 billion worth of transactions will be moved online.
However, these figures reflect Garlinghouse’s expectations for next year, not actual transactions.
Ripple’s strategy involves increasing the use of $XRP in institutional payment infrastructure while also evaluating fiat currency and $RLUSD options to meet different payment needs.
Garlinghouse’s statements reveal his expectation that the transition from traditional payment systems to blockchain-based infrastructure could accelerate in the coming years.
*This is not investment advice.
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