Ripple Execs Are Long On Bitcoin (BTC)

Ripple has been making headlines a lot lately due to its efforts to boost the XRP ecosystem and to push the mainstream adoption of the crypto XRP as well.

Ripple execs are long on Bitcoin

Now, it’s been revealed that Ripple CTO David Schwartz said that there is a pretty strong reason for which execs at Ripple said that they are long on BTC but they did not say the same thing about XRP.

In a few tweets, Schwartz said that the global regulatory uncertainty is preventing the company from predicting price action for the coin.

Schwartz said that the company is acting out of huge caution – this is considering the massive stale in the crypto asset and in the light of the lawsuits that are claiming Ripple illegally sold XRP as an unregistered security.

Schwartz began mining back in 2011 and he said that he sold a lot of his BTC portfolio.

Ripple’s XRP remittance volume rises

In other news, it’s been revealed the other day that Ripple’s XRP remittance volume is on the rise.

CEO of crypto exchange BTC Markets said that the company’s XRP remittance and trading volume is rising really quickly.

She said that Ripple’s ODL is revolutionizing financial transfers and trade settlements. She also said that it is showing in the exchange’s volume numbers.

In terms of pricing, at the moment of writing this article, XRP is trading in the red and the digital asset is currently priced at $0.193891.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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