Ripple CEO Says Gold’s Slow Movement Shows Why Crypto Matters
- Dutch central bank moved 86 tons of gold from North America to the UK for easier access.
- Ripple CEO Brad Garlinghouse says slow gold transfers show flaws in traditional finance.
- Garlinghouse says crypto could offer faster, cheaper cross-border value transfers.
Ripple CEO Brad Garlinghouse has pointed to the Dutch central bank’s decision to relocate gold reserves from North America to the United Kingdom as a striking example of the limitations of traditional financial infrastructure and a potential use case for crypto.
Dutch Central Bank Moves 86 Tons of Gold
The Dutch central bank, De Nederlandsche Bank (DNB), moved about 86 tons of gold from the US and Canada to the UK between March and August. The move represents more than a quarter of the bank’s gold reserves that were stored in New York and Ottawa.
DNB said it moved the gold to prepare for possible cr…
Read The Full Article Ripple CEO Says Gold’s Slow Movement Shows Why Crypto Matters On Coin Edition.
This content is automatically aggregated. Full credit goes to the original publisher (coinedition.com).
