CEO of Ripple, Before giving up monetary control, governments will bring out tanks

Brad Garlinghouse, CEO of Ripple, is convinced that governments will not loosen their grip on the money supply.

In this context, Ripple will focus on creating bridges between cryptocurrencies and the fiat system.

The recent launch of RLUSD is a step forward in this direction.

In his participation at the World Economic Forum in Davos, Switzerland, on January 24, Brad Garlinghouse, CEO of Ripple, shared his vision on the relationship between governments and control of money in the panel titled, Is tokenization the future.

Garlinghouse explained that the adoption of cryptocurrencies will not imply an immediate relinquishment of monetary sovereignty, which is why Ripple, the company that specializes in payments and transfers with digital assets, seeks to work within the existing financial system rather than replace it.

I have often said: governments will bring tanks to the streets before giving up control of the money supply. Therefore, if you are a crypto project that thinks you are going to replace the dollar or yen as the primary unit of account, I believe you are fighting a lost battle against the guys who have the tanks, Garlinghouse commented.

Additionally, he added, Our vision at Ripple is different. We are focused on building the bridges of traditional finance, working with many banks around the world to build those bridges. We want to enable the existing system to be more efficient, not to overthrow it.