Ripple and XRP News
Ripple CEO Brad Garlinghouse Asserts We Own a lot of XRP
XRP, the third-largest cryptocurrency is a native token of Ripple blockchain payment firm. Undeniably, the parent company Ripple owes a lot of XRP which is the key reason why crypto community members criticized XRP as a centralized currency.
However, the CEO and other lead executives of Ripple often appeared on news bulletins, addressing this concern. In contrast to the whole crypto community, the XRP community members hold a strong belief on Ripple, its underlying products and its native token XRP. Having said that, XRP might stand as the highest independently promoted cryptocurrency among other digital assets available on social media Twitter.
Ripple is an interested party in the success of the XRP ledger
In a recent interview with the Fortune media, Ripple CEO asserts that the company owes a lot of XRP, he, in fact, says that Ripple is an interested party in the success of the XRP ledger for sure. However, Brad refutes the fact that claims “XRP is a centralized currency” for which he said;
“One really important distinction is, the XRP ledger existed before Ripple the company”. We own a lot of XRP. But it’s a little bit like saying, Exxon owns a lot of oil. That doesn’t make oil security.” Oil, of course, is classified as a commodity.
Brad attempts to elaborate XRP is a decentralized token that isn’t in control of the company, Ripple. Meantime, he also hints that the XRP cannot be called security as the company has been encouraging the US government to introduce the crypto-friendly regulations. Moreover, by referring to UK FCA (Financial Conduct Authority) which recognized XRP as a utility token rather than security token, Ripple seeks the US to issue the similar guidelines as shared by UK FCA to define crypto tokens.
Read Also – XRP is not a Security, Confirms UK’s Financial Conduct Authority
In earlier reports, he differentiated XRP with Ripple by saying, even if the company doesn’t exist, it doesn’t affect to XRP as the XRP ledger is completely decentralized.
In a nutshell, the XRP token is currently surging by 1.64 percent within the past 24 Hrs and valued at $0.27 against USD. In fact, the growth isn’t significant enough today but the token is strongly holding its third-largest spot with the market capitalization of $11,915,325,518 on Coinmarketcap.
Image Source – Fortune
SEC Draws Criticism as it Responds to Ripple’s Letter of Supplemental Authority
Ripple Move 120 Million XRP Tokens Following a Recent Price Hike
Ripple Gets Support from the Former Critic Ryan Selkis, the CEO of Messari
UK Government Brings Greater Clarity to Crypto Industry with New Tax Forms
Bitcoin Beats All Odds: Surges Past $26,000 Despite Looming Banking Crisis
Recent Press Release
Involving Bitcoin For Online Health And Wellness
The continuous discussion of cryptocurrency in the world of Corporate Wellness is initiated with a unit to create awareness. Before...
The Primary Challenges Limiting Bitcoin Adoption
The first step to overcoming any challenge is understanding what is at the heart of the issue. Bitcoin has been...
Why Comparing Bitcoin Prices Saves You Money?
For anyone interested in investing in cryptocurrency, surely the thought of deciding which asset to purchase must be maddeningly hard....
Makler Game. Play the game and learn trading
We want to tell you about an interesting game that has appeared on the Internet and which will not only...
Bitcoin Trading: Advice and Methods for Novices
You could be questioning how to begin trading, whether you’re entirely new to the Crypto assets field or have a...