XRP (XRP) Outperforms Bitcoin (BTC) And Ethereum (ETH), Thinks The Founder Of TechCrunch


In an interview with Block in Press from South Korea, Michael Arrington, founder of TechCrunch and the Partner Arrington XRP Capital, stated that XRP (XRP) outperforms Bitcoin (BTC) and Ethereum (ETH) regarding transactions.

After a short introduction, Michael Arrington discussed its Arrington XRP Capital, a $100 million hedge fund that only invests in crypto-related businesses. He added that Asia, particularly China and South Korea, is where the company has the majority of its operations.

According to Michael Arrington, South Korea is an excellent place for cryptocurrencies, as the majority of Koreans are keen to use new things, but, unfortunately, the South Korean market is a “little bit opaque for westerns,” and that's reflected into how difficult it is to emerge on this market as a foreign company. Thet's why Arrington is now researching for better ways to increase its company's number of deals on this country's market.

XRP (XRP) outperforms Bitcoin (BTC) and Ethereum (ETH) regarding transactions speed and fees

According to Michael Arrington, its Arrington XRP Capital hedge fund employed XRP (XRP) because of the crypto's underlying technology which permits fast and cheap transactions.

We thought, in fact, we know XRP is the best for that first hedge fund firm to dominate in cryptocurrency not because it’s not it’s a little bit more centralized than say Bitcoin and it has detractors and a lot of people in the U.S just like it. And if you need to move some money like very quickly and very cheaply there’s nothing better than XRP (XRP).

Michael Arrington, TechCrunch and Arrington XRP Capital founder

He also gave an example of the Ripple's XRP advantages when it comes to transactions. According to him, they moved about $50 million in the US in only 3 seconds and at fees of between $0.20 and $0.30. Thus, “Bitcoin and Ether can’t compete with that and its fantastic for that,” said Arrington.

In conclusion, Michael Arrington, founder of TechCrunch and Arrington XRP Capital hedge fund, thinks that XRP (XRP) outperforms Bitcoin (BTC) and Ethereum (ETH) regarding transactions speed and fees, a feat that, at the moment, can't be matched by BTC or ETH.

Coins Mentioned

XRP

XRP

BTC

Bitcoin

Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Exchanges
Icon
CEX.IO

Read Review - Website

Icon
Coinbase

Read Review - Website

Icon
Binance

Read Review - Website

Casinos
Icon
7bitcasino

Read Review - Website

Icon
BitStarz

Read Review - Website

Icon
FortuneJack

Read Review - Website

Sportsbook
Icon
1xBit

Read Review - Website

Icon
Nitrogen Sports

Read Review - Website

Icon
SportBet.io

Read Review - Website

Trending news

Binance

Trending news

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

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.

1400 Articles
7255 Followers