Ripple and XRP are Shaping the Future of Cross Border Transactions - Brooks Entwistle, SVP
About Brooks Entwistle
Brooks Entwistle, Senior Vice President and Managing Director at Ripple, has continued to promote the company's cross-border payment network and its use of the digital asset XRP. In 2024, he discussed the workflow between XRP and Ripple's planned stablecoin, describing stablecoins as an on-ramp or off-ramp onto the platform and stating that the more on-ramps available, the better for volume and adoption. He also addressed concerns about XRP's volatility in on-demand liquidity (ODL) transactions, arguing that settlement within seconds makes the volatility risk demonstrably lower than the risk of holding fiat currency over a multi-day period. Entwistle has emphasized Ripple's focus on real-world utility, including its core cross-border payments business, central bank digital currency (CBDC) efforts, and carbon-credit initiatives. He noted that Ripple's two largest regions are the Middle East and Asia, and that over 60% of the company's volume came from ODL using XRP. He also stated that Ripple has moved over $30 billion in volume through its network and that the company continued to hire internationally, adding 300 people in 2022. Regarding regulation, Entwistle said that any regulation moving toward consumer protection is a good thing and that Ripple prefers to engage and educate regulators, though he acknowledged that the U.S. market has been more difficult for direct dialogue.