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Ripple and XRP | Is the Narrative of the Crypto Industry Changing?

Cory Johnson said it first. Ripple and XRP are not the same things; XRP is not a security. And yet, the San Francisco-based company often finds itself repeating this information. The latest time came today, Monday, September 17th. Not only did the head of government and regulatory relations at Ripple today bring back the XRP security debate, but Sagar Sarbhai also noted that the narrative in the crypto industry is changing.

True or false?

Ripple and XRP: Security or Not?

First, Sagar Sarbhai told CNBC on Monday that Ripple does not find XRP to be a security. Sarbhai provided three reasons for this:

  • If an investor purchases XRP, that individual will not get a stake in Ripple the software company. Why? “Dividends are not paid out by Ripple.”
  • As Cory Johnson said at the start of the summer, Ripple and XRP are two separate entities. If Ripple goes away, the XRP ledger will remain. “XRP ledger is open-source,” said Sarbhai.
  • Ripple only owns around 10 out of 150 validators.

The Crypto Industry is Changing

We’ve heard about the XRP security debate for months now. However, Sarbhai did say something relatively fresh and new today, which was interesting.

In the mind of this Ripple executive, the narrative in the crypto industry is changing. A few years ago, according to Sarbhai, the mentality of the crypto space was “blockchain good, crypto bad.” Everyone used to say that blockchain would one day surpass cryptocurrencies.

But according to Sarbhai, that’s all changing. Now, “more policymakers and regulators are [realizing] that there is a strong benefit that digital assets and cryptocurrencies bring.”

>> SBI Ripple-Powered Application MoneyTap Set to Debut Soon

It doesn’t look like this Ripple executive is the only one who thinks this, too. This week, Jack Ma of Alibaba said that blockchain is going to become “meaningless” unless it helps the environment.

The Takeaway

There are two main takeaways from this XRP news. First, is the difference between Ripple and XRP now recognized, or is Ripple the company going to have to remind the world of the difference for the rest of its lifetime?

And two: is the crypto industry really changing?

What do you think?

Featured Image: Depositphotos/© Melpomene

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Jack Ma Bitcoin Bubble | Blockchain Is the Real Answer

Jack Ma Bitcoin Bubble: Yet another well-known figure has come forward to express his thoughts on the cryptocurrency sector. The figure, who is Jack Ma, spoke specifically of Bitcoin (BTC) — and his thoughts weren’t exactly in favor of the cryptocurrency.

Jack Ma Bitcoin Bubble: True or False?

On Monday, Jack Ma, a Chinese billionaire and the founder of Alibaba Group Holding, spoke at an event held by Ant Financial Services Group, a financial affiliate of Alibaba Group Holding.

During his presentation, Jack Ma spoke of both cryptocurrency and blockchain. While he praised the latter, he had a few things to say about cryptocurrencies – specifically Bitcoin.

According to Mr. Jack Ma, a Bitcoin bubble looms over us. This is not the first time the Alibaba Group Holding founder has expressed these thoughts. In the past, he has warned investors over the volatile crypto sector.

The comments of a Bitcoin bubble come one day after BTC set a 2018 low. Right now, Bitcoin is selling for $6,317. This puts the coin up 6.46% in the past twenty-four hours.

Jack Ma Bitcoin Bubble
Source: CoinMarketCap

Does Bitcoin Have Any Positives?

On the whole, Jack Ma didn’t call Bitcoin a bad thing. He provided the crowd at the Ant Financial event with reasons as to why Bitcoin has potential, but also why it is failing.

As for the negatives, Jack Ma said Bitcoin itself is driven by speculation. For these reasons, the billionaire vowed to avoid the asset class.

However, Jack Ma did have a few optimistic things to say on the topic of Bitcoin. The virtual currency itself may be sketchy at times, but according to the e-commerce giant, the blockchain technology behind BTC should be used to solve real-world problems. Blockchain – to Jack Ma and many others –  is the real winner.

Team Blockchain?

So is it fair to say that Jack Ma is team blockchain? I would say so. The comments of blockchain’s revolutionary potential come on the same day that Ant Financial (Ma’s affiliate) launched money transfers between Hong Kong and the Philippines. These transfers were entirely blockchain-based.

Jack Ma Bitcoin Bubble: Takeaway

Do you agree with Jack Ma? Is the Bitcoin bubble real?

Moreover, how do you feel about the newly launched blockchain-based money transfers? Is blockchain really the solution to real-life problems?

Let us know in the comments below!

>> EOS and Litecoin (LTC): Good News for Everyone

Featured Image: Depositphotos/© MarkoAliaksandr

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