Ripple CEO Addresses Upcoming Acquisitions

Ripple’s CEO says that the company is considering potential acquisitions. Check out the latest reports coming from the Daily Hodl below.

Garlinghouse told CNBC that Ripple has a strong balance sheet and it’s at the age of its growth – this is a point where it’s more likely to be a buyer rather than a seller.

He stated the following:

“I would say there’s a lot of growth in crypto, and we are looking at a lot of different segments in crypto for growth. Some of that, obviously, we will build internally – the carbon credit initiative is something we’ve kicked off internally – but we’ve invested in over 30 or 40 companies around the crypto ecosystem, and we’ll continue to look at opportunities to grow through external acquisitions also.”

The CEO also believes that there will be a rise in mergers and acquisitions throughout the crypto space.

“I think there’ll be an uptick in [mergers and acquisitions] in the blockchain and crypto space. We haven’t seen that yet. But I think that’s likely in the future. And I certainly think as that unfolds, we would consider things like that.”

It’s been revealed that the CEO of San Francisco-based payments company Ripple Labs said that the ability of non-fungible tokens (NFTs) to tokenize various kinds of assets is being underutilized.

During a recent interview with Cointelegraph at the World Economic Forum, Garlinghouse says that NFTs will become more widely used once investors realize how useful they can be.

He stated the following:

“Back in December I was interviewed and I said [NFTs] were ‘underhyped,’ despite the fact that there’s obviously a lot of hype in certain parts of the NFT market. I think the tokenization of various assets is underhyped…”

Stay tuned for more news from the crypto space and make sure to check out the prices in the crypto market as well.