Ripple CEO Defends XRP’s Utility at Fintech Conference
"Let's be clear: Ripple is different than XRP," said Ripple head Brad Garlinghouse during day two of CB Insights' Future of Fintech conference.
Brad Garlinghouse
CEO Brad Garlinghouse said Ripple is "in a very strong position... and I intend to press our advantage" through new investments.
The price of XRP and Litecoin, two of the world's largest cryptocurrencies, fell to new 2018 lows on Wednesday.
Ripple's argument that an XRP holder waited too long to file suit has no precedent, a new legal filing claims.
Ripple's sales of the XRP cryptocurrency fell 56 percent to $73.53 million in Q2, but the firm gained more customers, its latest report says.
A third investor in three months is suing Ripple on grounds that the XRP cryptocurrency is a security issued by the firms.
