XRP Investors Debate The Future Of The Coin And Ripple
It’s been revealed that the XRP investors are debating the digital asset.
As the online publication, the Daily Hodl makes sure to remain readers, after a brief price surge to about $0.344 in mid-February, Ripple’s native crypto has since dropped back to Earth.
The fourth-ranked digital asset by market capitalization has seen gains of about 5% in 2020, trading around $0.21 at the time of writing.
At the moment, XRP is trading in the green and the digital asset is priced at $0.217793.
On the other hand, the online publication mentioned above also noted the fact that this small increase in price pales in comparison to Bitcoin, which has seen gains of about 32%, and Ethereum, which has surged 101% on the year.
Today, all the coins are seeing bullish moves.
Lack of clarity from Ripple?
The online publication mentioned the fact that a Redditor is asking whether anyone is “concerned and alarmed with the constant pivoting and lack of clarity” from Ripple.
As you already know by now, Ripple owns more than half of the total supply of XRP and is pushing for the adoption of the coin on multiple fronts.
“Last year the deal with MoneyGram per [Ripple CEO Brad Garlinghouse] was a game changer and bigger deal than Libra, this year…. it was just a pilot. Years ago we per Brad… focused on cross border payments now it’s decentralized exchanges with a five-year goal? Dozens of banks will hold XRP? 300 plus customers in 40 countries? Customers of what? What are they paying for? [Zero] clarification? To me Ripple seems aimless, having a great product but trying to find something it’s good for.”
We suggest that you check out the complete Reddit thread in order to learn more details.
Earlier today, we addressed an extremely interesting subject involving a debate about a threat to Bitcoin, Ripple’s XRP, and the overall crypto markets.
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.
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.