And he added XRP could be used as a bridge asset to exchange digital forms of fiat.
Mr Garlinghouse said: ”Just using stable coins doesn’t really solve the problem that XRP is solving.
“XRP as an extremely efficient, extremely scalable blockchain, is ideally suitable for that.”
Mati Greenspan, founder of QuantumEconomics, thinks “we’re experiencing a stint of alt season.”
He said: “The price of bitcoin is now taking a breather. It’s come up from $10,000 to where it is now with relatively few pullbacks, and most people must be wondering if we have what it takes to break through to a new all-time high on this run, or if we need to see a bit of a pullback.