Ripple CEO Brad Garlinghouse blasted Facebook’s proposed Libra digital currency, suggesting that the initiative would have been met with less pushback had it been led by another company, such as PayPal. 

“I think that the way they approached it demonstrated, frankly, [from] my point of view, arrogance in how they rolled it out,” he said at The Information’s annual subscriber summit, held in Menlo Park, Calif., on Thursday. “I think Facebook did not appreciate the trust deficit they had.”