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  In an interview with Fortune's Jeff JohnRoberts at the CB Insights Future of Fintech conference in New York, Ripple CEO Brad Garlinghouse said that XRP is solving some problems for institutions and big banks, and Coinbase is interested in participating. “We can solve some problems for institutions now, and I think Coinbase should be involved in this plan,” Garlinghouse said, “but XRP is clearly not a security. ”Garlinghouse emphasized that XRP exists independently of Ripple and that even if Ripple Labs fails, XRP will exist as a cryptocurrency. “We have ownership of XRP, but that doesn’t mean we have control. Saudi Arabia has a lot of oil, but they don't control it. ”In addition, Garlinghouse pointed out that unlike stocks and traditional securities, XRP token can be used as a practical currency settlement institution and for transactions between individuals. Garlinghouse’s analogy to Saudi Arabia and its control of oil can be referenced to XRP’s consensus algorithm. Unlike protocols like EOS that use PoS consensus algorithms and give users more control, XRP has its own protocol consensus algorithm. Garlinghouse cited several reasons why XRP is not a security and why exchanges like Coinbase should add XRP: 1 Ripple has no control over XRP. Unlike stocks and traditional securities, XRP is a utility currency whose primary use is payment processing. 2 Ripple is not a PoS network, and the fact that Ripple Labs owns a large amount of XRP does not allow Ripple Labs to control the Ripple blockchain network. 3 Even if Ripple Labs fails, XRP is still around. 原文：https://www.ccn.com/ripple-ceo-says-xrp-should-be-added-on-coinbase-publicly-for-first-time-not-a-security/ Author:Joseph Young Compiled by: caroline Source (translation): Money News (http://hiblock.com/Index/index.html)  Highlights from the past  Bitcoin script and transaction analysis-prototype of smart contract Hong Kong government says Bitcoin is not used by organized crime gangs South Korean lawmakers want to draft bill to legalize certain ICOs  money newspaper HIBLOCK.COM Long press the QR code to follow us money newspaper Money News strives to create an authoritative and professional global blockchain information platform. We provide a full range of blockchain content and data services from the dimensions of industry headlines, in-depth insights, lightning news, real-time quotes, and project highlights, taking you into the world of blockchain. Everyone is welcome to contribute. If you have any blockchain projects and related news, you can also contact us. For submission and business cooperation, please contact WeChat: sss199702 |
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