In the context provided by Brad Garlinghouse, he contrasts two approaches within the cryptocurrency community: one that resists government control, traditional banking systems, and fiat currency; and another that embraces these institutions. The term "orthogonal" indicates a direction perpendicular to the original stance, suggesting an approach that is entirely different or complementary.
Garlinghouse’s statement delves deeper into the ideological divide within the crypto world. While some individuals view cryptocurrencies as tools for decentralization and independence from centralized financial systems, Ripple takes a more cooperative path, aiming to integrate blockchain technology with traditional banking infrastructure. This approach acknowledges the need for collaboration between new digital assets and established institutions, offering a pragmatic solution that aims to improve the efficiency of global finance rather than rejecting it outright. By adopting this stance, Ripple positions itself as an innovator in bridging the gap between the old financial system and the emerging blockchain technologies.
Brad Garlinghouse is the Chief Executive Officer (CEO) of Ripple, one of the leading companies in the cryptocurrency industry. He has been a prominent figure advocating for the integration of blockchain technology with traditional finance systems to create more efficient and inclusive global payment networks. His insights often highlight the potential benefits of collaboration between established financial institutions and new digital platforms like Ripple's XRP currency.
