Ripple CEO Brad Garlinghouse has confirmed something exciting about XRP. Crypto commentator BankXRP (@BankXRP) shared a video of Flare founder Hugo Philion discussing why XRP was central to Flare’s focus. Garlinghouse responded positively to his comments, validating a point the XRP community has argued for years.
Philion acknowledged that XRP and Ripple were once dismissed for their institutional alignment, noting that the project “was accused of being the banker coin.” He then made a pointed observation about how the industry has shifted.
“Now everyone in the entire industry is desperate to be the banker coin,” Philion said. He described that shift as pathetic, while making clear his view that Ripple has maintained a consistent direction. “I think they have a good solution. I think they’ve always been relatively true to that solution.”
Philion also acknowledged the regulatory difficulties Ripple faced, stating he believes the company “got unlucky with the regulations.” However, it came out on top, securing regulatory clarity for XRP and putting it in a position many other crypto communities now envy.
Garlinghouse responded “True” to Philion’s comments in the video. The CEO who has led Ripple and the XRP army through their toughest challenges has confirmed the asset’s superior position. Garlinghouse’s validation of Philion’s characterization of the industry positions that statement as more than outside shows Ripple’s own view of where the crypto space now stands relative to where XRP started.
For years, the label “banker coin” was used critically. It suggested that XRP served institutional interests rather than the decentralized ideals associated with crypto. Ripple and the XRP community largely absorbed that criticism while continuing to build payment infrastructure aimed at financial institutions and cross-border settlement. Now XRP serves the banks that other cryptocurrencies are looking to get into.
Philion pointed to XRP’s community as another factor in Flare’s interest. “They have a very vocal community,” he said, adding that Flare was always interested in XRP. The combination of institutional focus, regulatory experience, and community engagement positions XRP as a reference point rather than an outlier.
Garlinghouse’s confirmation marks a clear acknowledgment that the criticism XRP once absorbed has since become the industry’s ambition. What was once a liability is now the standard others are working toward.
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