Rowen Exchange, a well-known figure in the cryptocurrency space, recently shared an insightful statement from Ripple CEO Brad Garlinghouse regarding the future of payments and financial transactions. In the video attached to the tweet, Garlinghouse addressed the concept of payment friction and how advancements in digital assets, including XRP, could revolutionize payroll systems by enabling instant and continuous compensation. Ripple CEO Brad Garlinghouse on removing payment friction: "Has everybody thought about why you get paid once a month, or once every 2 weeks? It comes down to the friction of payments. And if we can remove the friction of payments, why can't you get paid every day? Or every… pic.twitter.com/PmH0QDJC0q — Rowen Exchange (@RowenExchange) February 22, 2025 The Problem of Payment Friction Garlinghouse began by posing a fundamental question: why do people typically get paid once a month or every two weeks? He explained that the traditional payroll system is not necessarily based on efficiency or worker preference but rather on the friction inherent in financial transactions. Payment processing, banking constraints, and legacy financial infrastructure have dictated the intervals at which salaries are disbursed. He highlighted that in countries like Singapore, employees are usually paid monthly, while in the United States, a biweekly pay schedule is common. This structure has been accepted as the norm for decades, yet it is primarily a byproduct of the limitations within traditional financial systems. The Potential for Real-Time Payments Garlinghouse suggested that by eliminating the friction associated with payments, employees could theoretically receive their wages in real time. He stated, “If we can remove the friction of payments, why can’t you get paid every day? Or even more crazily, why don’t you get paid every hour or every second?” He describes a scenario where a value could continuously be deposited into a user’s preferred repository of funds without delay. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This concept aligns with the broader vision of blockchain technology and digital assets, which aim to facilitate instantaneous and low-cost transactions. With the advent of solutions like XRP and the technologies built on the XRP Ledger , near-instant financial transactions could become a reality for businesses and workers worldwide. Economic and Social Implications Garlinghouse acknowledged that shifting to real-time payments could trigger unpredictable secondary and tertiary effects. As technological advancements in previous decades led to unforeseen innovations, reducing payment friction could fundamentally alter workplace dynamics, financial management, and spending habits. A response to Rowen Exchange’s tweet from an X user named Christi echoed this sentiment, emphasizing that more frequent payments could reshape work culture. Christi argued that employees being paid in real-time would reinforce the direct connection between labor and earnings, potentially leading to increased productivity, fewer instances of absenteeism, and even reduced reliance on government assistance programs. The Role of XRP in Enabling Instant Transactions The final line of Rowen Exchange’s tweet—“XRP MAKES THE IMPOSSIBLE, POSSIBLE”—underscores the role of digital assets in overcoming existing financial barriers. XRP has long been positioned as a solution for fast, cost-effective cross-border payments, but its potential use cases extend far beyond remittances. The ability to settle transactions in seconds with minimal fees could make it a viable tool for businesses seeking to implement real-time payroll systems. Follow us on X , Facebook , Telegram , and Google News The post XRP Makes the Impossible Possible: Ripple CEO Discusses Future of Instant Payments appeared first on Times Tabloid .
