We are all products of our experiences, good and bad. Sometimes you learn as much from the negative experiences as you do from the positive.
PayPal exists because banks are not interoperable: I can't efficiently pay you $10 unless I'm giving you a $10 bill. So we're all on PayPal and Venmo, I need interoperability on the same ledger.
Family is my fun.
I think any great culture is born out of transparent, authentic communication. You almost can't overcommunicate. You can try, and you might think, 'Oh, do I really have to say this again?' And the answer is yes.
In 2017, people have realized there isn't going to be one crypto to rule them all. You're seeing vertical solutions where XRP is focused on payment problems, Ethereum is focused on smart contracts, and increasingly, bitcoin is a store of value. Those aren't competitive. In fact, I want bitcoin and Ethereum to be successful.
If the cryptocurrency market overall or a digital asset is solving a problem, it's going to drive some value.
To me, if we're not failing a little bit, we're not trying hard enough. I think great cultures encourage risk and are tolerant of failure. If you don't do that, you're going to end up with a culture that is stagnant and not thinking about the next generation of products and experiences.
The revolution of blockchain is not going to happen from outside the system; it's going to happen from within the system.
XRP is a digital asset that exists on the XRP ledger, one of the open-source products created by Ripple. XRP is a pivotal component of the Internet of Value, since it solves a key point of friction: the pre-funding of nostro/vostro accounts necessary to facilitate cross border payments.
When you look around Silicon Valley at new companies, there are very few ideas that are going to make a dent in the universe.
Blockchain technologies will change transactions in a broad way.
As I was looking around, to me, what was happening in the blockchain and crypto world was a movement.
Governments aren't going to go away; banks aren't going to go away.
There is a lot of volatility in the digital asset market broadly, and certainly that is true in the bitcoin market. It's been true for XRP, and I think that's because these markets are very nascent.
Whether you talk about Africa or underbanked communities, these are all examples where Ripple can change the way society works.
People who know me know that I'm a rabid fan of the Kansas Jayhawks. My quirky habit is that every Kansas game is on my calendar, and, more often than not, I will plan and schedule flights around them so that I can engage and watch. I have already brainwashed my family to be Jayhawks fans.
What xRapid allows you to do is to have real-time liquidity.
Some of the people at Ripple I think are truly the smartest people I've ever worked with in my career, which makes it a lot of fun to go to work every day.
What's happening in crypto - and certainly what's happening at Ripple - we have an opportunity to fundamentally change the way global commerce is managed from a payments point of view.
I don't think central banks are going to give up fiat currency anytime in my lifetime.
