XRP Boasts Long-Term Sustainability, Says Pantera CEO
Ripple has been making headlines a lot due to the massive boost that the company is giving its XRP ecosystem.
Ripple is also working really hard to push the mass adoption of the digital asset XRP.
XRP boasts long-term sustainability
It’s been just revealed that Pantera CEO Dan Morehead said that XRP is one of only a handful of crypto assets that boast long-term sustainability.
During a new interview with Thinking Crypto, Dan Morehead says Ripple, which owns more than half of the total supply of XRP and uses the coin in one of its remittance platforms, is a highly productive member of the industry – regardless of the hate that the project is receiving.
“I think Ripple has done a great job. They are one of the big enterprises in our business and they have hundreds of engineers building a lot of code and shipping code. And they’re doing it in a little bit of a different way. I know there’s a lot of purists in our industry that get almost religious about, oh, it’s not totally decentralized, or it’s not whatever,” he said as quoted by the online publication the Daily Hodl.
He continued and explained that “It’s the same thing with central bank coins. They’re not decentralized, but we’ll need that too, right? I see a world where we have eight or ten really important blockchains ten years from now, and XRP is going to be one of them.”
Morehead also made sure to highlight the fact that it’s smart to place more bets in the industry instead of hoping that one crypto company or coin will take over the whole market.
You should check out the video above in order to learn more details about what he had to say.
At the moment of writing this article, XRP is trading in the green, and the coin is priced at $0.295528.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.