Ripple XRP Backed by DCG board member Investor & Part-Owner Boston Celtics Glenn Hutchins . Federal Reserve Task Force: Ripple Improves Speed and Transparency of Global Payments. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018.[3].Glenn Hutchins says Rival cryptocurrencies and altcoins like XRP and Litecoin allow for faster transaction speeds for international purchases.Glenn Hutchins says it’s the biggest opportunity I’ve seen because the two most important things are business information and value.
“We can now move information around the world at the speed of light at no cost. Why can’t we do that with value in the future?”
Glenn Hutchins says Bitcoin could be the wrong solution – and other tokens like ethereum or Ripple could end up being the right answer.
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