Ripple CEO Says Golds Slow Movement Shows Why Crypto Matters
Dutch central bank moved 86 tons of gold from North America to the UK for easier access.Ripple CEO Brad Garlinghouse says slow gold transfers show flaws in traditional finance.Garlinghouse says crypto could offer faster, cheaper cross-border value transfers. Ripple CEO Brad Garlinghouse has pointed to the Dutch central banks decision to relocate gold reserves from North America to the United Kingdom as a striking example of the limitations of traditional financial infrastructure and a potential use case for crypto. Dutch Central Bank Moves 86 Tons of Gold The Dutch central bank, De Nederlandsche Bank (DNB), moved about 86 tons of gold from the US and Canada to the UK between March and August. The move represents more than a quarter of the banks gold reserves that were stored in New York and Ottawa. DNB said it moved the gold to prepare for possible crises caused by rising geopolitical tensions. The gold is now stored at the Bank of England, where it can be traded and accessed more easily if needed. DNB Governor Olaf Sleijpen said the move makes the banks gold reserves easier to use. He added that while the bank does not expect to need the gold in an emergency, it wants to be









