Ripple's CEO Garlinghouse said that the value of many crypto-moneys would ultimately be reset at the very end.

Ripple's CEO Brad Garlinghouse, one of the fastest rising crypto currencies of 2017, spoke at the Goldman Sachs Technology and Internet Conference. Garlinghouse, the founder of XRP, said that most of the crypto money did not add value to the talk, and that it was done trading for speculative purposes only.

According to Garlinghouse, Bitcoin is different from these parcels. It will remain in circulation for a long time as a value store. There is a very simple reason behind the fact that others will disappear. These funds are not used in a business other than trading and there is no reason to exist in the long term.

The XRP, which rose at $ 3.31 a barrel in January, is now trading below $ 1. Thanks to the Ripple payment system they used, the crypto currency that attracted the attention of investors came out to make low-cost and fast transactions between the banks.

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