Ripple CEO Highlights Central Bank Gold Transfer as Use Case for Crypto

Ripple CEO Brad Garlinghouse cited the Dutch Central Bank's (DNB) recent multi-month, $11 billion gold relocation as an example of outdated financial infrastructure. While the DNB moved 86 tons of gold between New York, Ottawa, and London, Garlinghouse argued that cryptocurrency offers a superior alternative for the instant, secure, and low-cost global transfer of value, noting that the crypto market has grown to $2.7 trillion since 2013.