In a recent issue, Ripple Chief Technology Officer David Schwartz upheld some unpopular facts about Ripple and XRP shared by a community member.
Following the many misconceptions about Ripple and the XRP Ledger native token, XRP, a community member named Sir Clown Sniper took to Twitter on Friday to share 10 truths about the sixth-largest cryptocurrency, its underlying technology XRP Ledger and Ripple.
It bears noting that XRP is the native token of the blockchain platform — XRP Ledger. While Ripple is a crypto solutions company and cross-border payment firm headquartered in San Francisco.
As listed by Sniper, below are ten things the XRP community needs to get right:
Sniper’s second point about XRP becoming a stablecoin like USDT, BUSD, and USDC contradicts the points previously noted by XUMM wallet developer, Wietse Wind. As published, Wind started two theoretical scenarios where XRP could function as a stablecoin.
Likewise, his ninth point also counters the popular buyback theories shared by Jimmy Vallee, the managing director of Valhil Capital.
Recall that Schwartz called Vallee’s first buyback theory an awful scam while he agreed to his subsequent theory about XRP being a good collateral like gold and sticks. Reacting to the ten points highlighted by Sniper, Ripple CTO said all points are true.
Follow us on Twitter, Facebook, Telegram, and Google News
Shiba Inu (SHIB) has experienced a significant price decline in recent days, losing over 8%…
In the past 24 hours, transaction fees on Shibarium, Shiba Inu's layer-2 scaling solution, have…
BlockDAG is making significant strides in the cryptocurrency market by introducing a new vesting strategy…
The cryptocurrency world is always abuzz with speculation about where prices will go next. Terra…
A college dropout's serendipitous venture into Ethereum investment led him to amass millions, showcasing the…
The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) reaches…