Why Ripple Achievements Don't Have Positive Impact on XRP Price - Today's Gazette - Cryptocurrency, Bitcoin News
Connect with us

Why Ripple Achievements Don’t Have Positive Impact on XRP Price

Ripple Could Be The Reason For SWIFT CEO’s Step Down. Details

Altcoins

Why Ripple Achievements Don’t Have Positive Impact on XRP Price

As news has been making round that things are looking up for Ripple, considering the institutional support from the World Bank and International Monetary Fund (IMF). Everybody expects that XRP holders would be in for a big harvest. But according to tweet reports from XRP holders community, this will not happen because they believe Ripple and XRP are different.

So many people believe that Ripple owns XRP but according to the statement made by Ripple’s former Chief marketing officer Cory Johnson in an interview with TheStreet, XRP is a digital asset that trades on its own. Ripple is a software company that owns a lot of XRP, this means that Ripple and XRP are two separate entities.

“XRP is a digital asset that trades on its own that’s owned by lots of people in lots of places. We happen to own a lot of XRP – we own a lot of cash, chairs, and computers – but the company is called Ripple and we sell software.”

Another report from Business Insider states that Ripple and XRP were founded by the same people and Ripple owns more than half of the currency, about 60 billion XRP, with 55 still in Escrow.

Also READ  Ripple Announces Plans For A Global Campaign To Bolster XRapid

Some believe this indicates a degree of ownership but the Security and Exchange Commission did not include Ripple or XRP, neither the combinations in a recent statement on the status of Ethereum and bitcoin.

The utility of XRP is in question if it can function without Ripple, some critics believe XRP token is in existence to fund Ripple and boost its value.

Though Ripple may now prefer to be known as a software company, it has traded on XRP token for years. It became one of the most valuable tech startups based on the progress of XRP which is the third most valued digital currency in the world.

Also READ  Bitcoin Crash Hits Ripple Hard, C-Suiter Latest Crypto Winter Victim

 Investors need to have a clear distinction between Ripple and XRP to avoid falling into the trap of buying into the digital asset because of Ripple’s performance. It has even been alleged that Ripple distributes XRP by selling the coin and many purchase them as an investment.

Hi I am a crypto writer, blockchain enthusiast, financial and travel blogger.Though a finance professional, crypto and blockchain are now my specialty.I write to inform you of what is happening in the crypto space and how the blockchain technology is changing the world. Besides writing, I am a digital marketer, promoting ICOs and other products.Email: judith.riseshine@todaysgazette.com

4 Comments

4 Comments

  1. another-crap-writer

    April 18, 2019 at 4:22 pm

    usual crap. Ripple and XRP are “different”, it’s true. But, – without people, who created company “Ripple”, there would be no XRP as well. Those people created XRP, do you want it or not. It is their most vital interest to support XRP, to make it better, to promote it’s adoption. Any success of Ripple company means potential success of XRP. xCurrent is now easily converted into xRapid. Adoption of xCurrent means potentially adoption of xRapid (in the future). Ripple and XRP are not the same, but they are very tightly connected.

  2. Neither against nor support

    April 18, 2019 at 6:59 pm

    All things being equal, Ripple lives for XRP to live while Ripple dies for XRP to die… SIMPLE!

  3. Judith Riseshine

    April 20, 2019 at 4:11 am

    So what is the point of your argument when you know Ripple and XRP are different? Investors need to know this because if anything goes wrong, Ripple can never bear the liability of XRP, but will simply withdraw their investment.

  4. Judith Riseshine

    April 20, 2019 at 4:13 am

    So you think, leave that for the SEC to decide.

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Altcoins

Advertisement
Advertisement
Advertisement

Facebook

Press Release

Title

To Top