Not minding the feud surrounding XRP, the carbon-neutral XRP Ledger native token, many crypto supporters like Eric Finnerud, popularly known as E. Smitty, and top businesses are still utilizing the token for settlements and payment of wages.
In a Tuesday update, E. Smitty, the Super producer, audio engineer, and an American music icon flung XRP’s flag very high to his more than 176K followers, listing the numerous ways he employs the use of the digital asset daily in his music business.
The top music producer said that he adopts XRP as his business payment method. While he pays his artists in XRP, he accepts XRP for offering all music production and marketing-related services.
Read Also: Gokhshtein Media Founder Says XRP Community Will Continue to Expand Regardless of Criticisms
Particularly, E. Smitty lauded the fact that making transactions with XRP is ultra-fast (3-5 seconds completion time) and requires considerably low transaction fees, unlike many other crypto networks where charges are sometimes unbearable.
Stating that XRP is a standard, the music entrepreneur holds the belief that XRP will eventually gain global adoption due to its uniqueness and fine characteristics.
Eric Finnerud wrote, “I use $XRP every day as a currency, I pay my artists royalties in $XRP and I accept payments for my mixing, mastering, production & marketing in $XRP!!! 3 second transactions, very little fees and soon to be adapted by the entire world!!! $XRP is the Standard.”
Read Also: Thallo Partners With Ripple To Build Flagship Carbon Credits Marketplace
Following the recent positive outcomes recorded in the ongoing XRP lawsuit between Ripple and the United States Securities and Exchange Commission (SEC), there has been an increased interest in XRP.
The SEC, who contends that XRP is a security, has been ordered by both Judge Netburn and Judge Analisa Torres to release the controversial William Hinman emails and other related documents.
Also, more companies utilizing the RippleNet financial service have applied to submit amicus briefs concerning the Summary Judgment motion filed by Ripple, as the case nears a conclusion.
Follow us on Twitter, Facebook, Telegram, and Google News
TLDR Render’s RNDR soars 129.74% after Kenetic Capital's massive transfer. Jupiter's Metropolis Part 1 launch…
Michael Arrington of Arrington XRP Capital, a cryptocurrency investment firm, highlighted a compelling use case…
London, United Kingdom, May 6th, 2024, ChainwireGBM Auction (https://gbm.auction), the Bid-to-Earn Auction company, is thrilled…
The excitement in the XRP community is palpable as they eagerly wait for Ripple's upcoming…
In a crypto market characterized by rapid changes, BlockDAG has emerged prominently by adding ten…
In a volatile market where losses can accumulate swiftly, investors often seek refuge in tokens…