“But you know, we certainly are at a point in scale, where that is a possibility. And we’ll look at that once we’re past this lawsuit with the SEC.”
Garlinghouse’s comments come amid a severe market crypto market that wiped billions of dollars of value off of the market. XRP plunged 42% in the last 30 days, according to CoinGecko.
Crypto-related stocks have also plunged dramatically. Coinbase shares shed 75% this year, while Robinhood, which offers digital currency trading, has seen its stock plummet 50%.
Despite that, Garlinghouse said that in the Q1, 2022, the volume for its cross-border payments product that uses XRP known as On-Demand Liquidity totaled $8 billion versus $1 billion in the same period last year.
“Our growth is almost all outside the United States. I think that’ll probably persist until we get the clarity and certainty in the U.S. we’ve been seeking,” Garlinghouse said.
