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Ripple CEO Asserts Focus on Utility Amid Crypto Winter

Tue, 06/27/2023 - 19:49
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Alex Dovbnya
Ripple CEO Brad Garlinghouse provided a candid assessment of the current market conditions during the recent Point Zero Forum in Zurich
Ripple CEO Asserts Focus on Utility Amid Crypto Winter
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Ripple CEO Brad Garlinghouse recently addressed the impact of the ongoing "crypto winter" during the Point Zero Forum held in Zurich, Switzerland.

The seasoned tech executive highlighted a new focus on making cryptocurrencies more useful and strengthening their underpinning systems.

He painted a picture of the U.S. market conditions and regulatory hurdles with the term "permafrost" to underscore the severity of the industry's predicament.   

However, beneath this frosty surface, Garlinghouse's remarks conveyed a sense of optimism about the future of cryptocurrency. Like a determined architect, he stressed the importance of focusing on constructing rock-solid infrastructures.

Ripple CEO Incredibly Bullish on Company's Trajectory Despite Crypto Winter
The Point Zero Forum is a significant roundtable that ushers in prominent figures from central banks, regulators, and the tech world.

This year's forum hosted a roster of notable speakers, including Singapore's Deputy Prime Minister Heng Swee Keat, Adrienne A. Harris of the New York Department of Financial Services, and Swiss National Bank Chairman, Professor Thomas J. Jordan.

The current "crypto winter" has seen a sharp decrease in the prices of many digital currencies, including XRP.

However, leaders of the likes of Garlinghouse view it as an opportunity to focus on foundational elements of their technology and build for long-term utility. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at