At the Yahoo Finance All Markets Summit: Crypto on Wednesday, we heard from a number of companies squarely rooted in cryptocurrency (like Blockchain, which provides digital wallets for storing your coins, or BitPesa, which helps companies in Africa make payments in bitcoin) and companies that deal in blockchain, but not bitcoin (Chain builds private blockchains for banks, JPMorgan has a blockchain platform called Quorum, but isn’t so bullish on bitcoin).

Ripple is rooted in both. The company has two blockchain products that enable faster cross-border payments and faster liquidity for banks, and one of those products uses XRP, a digital token. XRP rose in value more than any other cryptocurrency (32,000%) in 2017.

But Ripple CEO Brad Garlinghouse doesn’t consider XRP, bitcoin, or any of the other major tokens to be cryptocurrency.

“I don’t call this cryptocurrency,” he said. “It’s not currency. I can’t go to Starbucks or Amazon and use—and you know, somebody inevitably will be like, Well, I have one example where I bought something with a bitcoin.’ And then I usually say, ‘Well, did you do a second transaction?’ It’s not actually a currency. These are digital assets. If the asset solves a real problem for a real customer, then there’ll be value in the asset.”

Watch back to his interview at the Yahoo Finance All Markets Summit: