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Recently, the statements from Ripple CEO Garlinghouse have been making headlines. The "switch flipping" of XRP.
At a conference held last month at Crown Towers Sydney, he revealed that Ripple has actually already turned on thousands of switches one after another. It’s not a big sudden change, but rather a feeling of small movements accumulating.
This phrase itself dates back to 2019. Back then, Garlinghouse was at Fortune, and the origin was that banks were ready to fully adopt XRP using xRapid. Afterwards, YouTube creators and social media users started to use it informally to mean "the moment when the price suddenly rises."
But in reality, what Garlinghouse clarified this time is that such a dramatic instant doesn’t exist. Instead, a series of hundreds or thousands of incremental steps build up, ultimately creating a significant impact.
At the Crown Towers Sydney event, there were over 400 international participants, including President Monica Long and Honorary CTO David Schwartz. Garlinghouse stated that the steady efforts over the past decade could lead to exponential effects after 2026.
By the way, Ripple has reportedly invested $3 billion in acquisitions since 2023. The goal is to bridge TradFi and DeFi, so there’s probably a lot happening behind the scenes.
Interestingly, Garlinghouse also mentioned the role of the community. He appreciated that supporters correcting misinformation and fighting FUD are further driving the switches. In other words, small individual actions are creating the overall big wave.