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Ripple Would Be Unprofitable Without XRP Sales, CEO Admits

Ripple Would Be Unprofitable Without XRP Sales, CEO Admits

Ripple Would Be Unprofitable Without XRP Sales, CEO Admits-Techcryption

Real-time gross settlement system, currency exchange and remittance network, Ripple’s CEO Brad Garlinghouse stated that the company is where it is now because of the XRP tokens monthly sales, in a recent interview.

“We would not be profitable or cash flow positive [without selling XRP], I think I’ve said that. We have now.”

Ripple’s CEO Brad Garlinghouse

With regards to the statement above, famous analyst Luke Martin replied on his twitter account quoting Garlinghouse.

Moreover, the Director of Banking & Finance at Industry Organization Center for Evidence-Based Management, Martin Walker also expressed his thoughts by commenting on Luke Martin’s tweet on this matter.

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