In China based four mining companies, which control more than 50% of the market of BTC.

CEO Ripple brad Garlinghouse, speaking at a conference Insight Conference 2018 Stifel Cross Insight in Boston, said bitcoin is under the control of China.

I will tell you a story, which many do not know, but it’s worth paying attention to. Bitcoin is actually controlled by China. In China based four mining companies, which control more than 50% of BTC. How do we know that China will not intervene? How many countries want to use China’s controlled currency?

— said the head of the Ripple.

Arlinghaus also shared his opinion about the technology of blockchain which will not be able to destroy the banking system. Meanwhile, he does not deny that she will play a very important role in the work of financial institutions in the future.

He called XRP “best digital asset for settlement”. Arlinghaus recalled that the BTC transaction takes 45 minutes, whereas XRP is just 4 seconds.

In February, trading platform BitMex has published a report about Ripple and XRP coin, which stated that bitcoin is more centralized than others.