Ripple CEO: Bitcoin and XRP are not competitors

According to Cointelegraph, Ripple CEO Brad Garlinghouse said in an interview on June 20 that Bitcoin and XRP are not competitors. In the interview, Garlinghouse briefly describes the main difference between the two main cryptocurrencies. He thinks that Bitcoin is a kind of value storage or “digital gold”, and XRP is a “bridge currency” that can provide for the transfer between legal currencies. An effective solution. Therefore, Garlinghouse cites the difference in transaction costs between Bitcoin and XRP, claiming that Ripple can complete a transaction with very little money, and the average cost of a bitcoin transaction is about $2.30.