The head of Ripple admitted the possibility of an IPO and doubted bitcoin as a means of payment

At the World Economic Forum in Davos, Ripple CEO Brad Garlinghouse called the initial public offering (IPO) the company's “natural evolution”.

So, he said that in the next year in the cryptocurrency and blockchain industry it will be possible to observe an IPO boom and did not exclude its Ripple.

“We are not going to be the first and we are not going to be the last, but I expect that we will be on the side of the leaders,” Garlinghouse added.

Some are confident that an IPO could significantly affect the price of an XRP coin.

“If members of the XRP community understand what this means, they should now jump for joy. An IPO means institutional investors invest in Ripple and bet on Ripple's value as a company. What is Ripple's most valuable asset? Yes, it will be a huge deal for XRP, ”one Twitter user wrote.

In addition, Garlinghouse said that it considers bitcoin as a means of saving, but not a payment instrument.

“You don’t want to pay with Bitcoin at Starbucks, because by the time you get your coffee, it will be frozen,” CEO Ripple emphasized.

Garlinghouse said earlier that most cryptocurrencies will disappear and only quality assets will remain.