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Decoder with Nilay Patel

Recode Decode: Ripple CEO Brad Garlinghouse

Decoder with Nilay Patel

Vox Media Podcast Network

Technology, Business

4.33.2K Ratings

🗓️ 20 May 2019

⏱️ 56 minutes

🧾️ Download transcript

Summary

Ripple CEO Brad Garlinghouse talks with Recode's Kara Swisher about bringing legitimate financial institutions into the formerly-sketchy world of blockchain and cryptocurrencies. In this episode: Garlinghouse's background at Excite@Home, Dialpad, and Yahoo; the "peanut butter manifesto" memo he wrote at Yahoo; moving on to Silver Lake Partners, AOL, and then becoming CEO of Hightail; being recruited to Ripple; the appeal of blockchain and cryptocurrency; working with the banks, not against them; the coming revolution in cross-border transactions; why bitcoin speculators were actually "forward progress"; will there be one cryptocurrency to rule them all?; the "unbanked" people of the world; potential problems facing cryptocurrency; convincing regulators and established banks; why should a big bank like Citi work with Ripple?; who will disrupt the incumbents?; the actual uses of crypto for consumers; and Facebook and tech's responsibility. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

When you drive a Chevy electric vehicle, you're getting more than a way to get from point A to point B.

0:06.0

You're saying goodbye to gas stations and how low to open roads.

0:09.0

With the growing network of public charging stations, you'll be able to charge your EV while you shop, work, or do whatever you want to be doing with your time.

0:17.0

Chevy is making EVs for everyone, everywhere. Go to chevrelay.com slash electric to learn more.

0:24.0

Sabotage hired goons and a landfill in Utah.

0:32.0

How Steve Jobs' revolutionary catastrophe of a computer, the Apple Lisa, earned a brief second life, and then was buried for good.

0:42.0

Watch the Verges documentary, Lisa's final act, now on YouTube.

0:48.0

Hi, I'm Cara Swisher, Editor-at-large of Reco.

0:52.0

You may know me as someone who traded all my Bitcoin for a pair of cool sunglasses because you can't wear Bitcoin,

0:57.0

but in my spare time I talk tech and you're listening to Reco Decode from the Vox Media Podcast Network.

1:02.0

Today in the red chair I'm so excited to have Brad Garlinghouse, the CEO of Ripple.

1:07.0

I knew him when he was other things, but now he's the CEO of Ripple, which is an online exchange for tokens representing Fiat currency, cryptocurrency, commodities, and more.

1:15.0

He previously was CEO of Hytale, that was a bad period, wasn't it?

1:19.0

That was a wind in your face trying to turn something around.

1:22.0

All right, well that description is a ripple.

1:24.0

How would you describe it? You described it in exchange.

1:27.0

How would you describe it?

1:29.0

Ripple is effectively an enterprise software company selling blockchain and crypto technologies to banks, payment providers, financial institutions globally to solve a cross-border payments problem.

1:41.0

Oh, that's well done. Very nice. Very nice.

1:43.0

So we're going to talk about your journey, Brad, because let's talk.

1:46.0

Thank you for correcting me immediately. That's a nice thing for you to do.

1:49.0

So let's go through your history because I think people know you from a lot of other things, right?

...

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