Despite the crypto economy’s recent downturn, Ripple's Brad Garlinghouse spoke about future mergers and acquisitions.
that Ripple Labs has “a very strong balance sheet.” Garlinghouse spoke about Ripple Labs possibly participating in merger and acquisition deals and Ripple Labs will be the buyer. “We’re now at a stage of growth where I think we’re more likely to be the buyer versus the … seller,” Garlinghouse told the CNBC author Arjun Kharpal. Garlinghouse further noted that he expects to see an increase in M&A in the blockchain industry.
“I think there’ll be an uptick in M&A in the blockchain and crypto space,” Garlinghouse explained during his interview. “We haven’t seen that yet. But I think that’s likely in the future. And I certainly think as that unfolds, we would consider things like that.” There has been a number of acquisitions in the crypto space during the latter half of 2021 and the first quarter of 2022. For instance, Coinbase
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