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Ripple and XRP

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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TransferGo Ripple Technology Integration | Speeding Things Up

More and more people, companies, and firms are starting to explore Ripple technology. DCEX uses Ripple tech, and now payments provider TransferGo has started too. Well, that’s according to a September 5th press release documenting the TransferGo Ripple technology integration, that is.

TransferGo Ripple Technology Integration: A Smart Move?

On Wednesday, TransferGo announced that it will be rolling out a remittance corridor to India. How? By using Ripple technology. Perhaps the most well-known thing about Ripple tech is that it allows for real-time transactions, which is likely one of the reasons TransferGo decided to make this move.

Right now it’s unclear which Ripple technology the payments provider will use, but at this point, it doesn’t matter. We know everything we need to know: the technology is going to allow TransferGo to replace its slow communications systems, like Swift. And it’s going to give the company more credit in India, as there’s been a massive India Ripple adoption recently.

Who Will Benefit?

Aside from TransferGo itself (this integration “opens up new horizons”), customers of the payments provider will, thanks to Ripple tech, be able to “send money to family and friends,” as well as “make international payments immediately.”

Not the Only Move

Though details were scarce, it is evident that the TransferGo Ripple technology integration is massive news. But it’s not the only crypto/blockchain announcement we’re going to be seeing from TransferGo. In fact, the provider even said this is just the start of its remittances that are blockchain-based.

XRP Price

Though Ripple and XRP are not connected, it’s difficult to talk about Ripple tech without thinking about where XRP is sitting on the market.

At press time, XRP is plunging in the double-digits. Selling for $0.297, XRP is down 10.61%. All of the top-ten coins are in the red zone, with Ethereum (ETH) down just over 13%.

>> Goldman Sachs Confirms that It is NOT Focusing on a Cryptocurrency Trading Desk

The Takeaway

What do you think about the TransferGo Ripple technology integration?

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What Causes Ripple Hype? Cory Johnson Gives His Opinion – Crypto Currency News

Even with its many price fluctuations, there’s been a lot of Ripple hype. What causes Ripple hype? Cory Johnson gives his two cents and we give ours.

Latest Ripple News | XRP Price Analysis 

In 2017, XRP increased in value by roughly 32,000%. So far in 2018, XRP has dropped by 75%. However, the fascination around the digital asset remains. More on that later, though!

Today, XRP is changing hands at $0.543. The coin is 2.80% higher on daily basis. At press time, Ripple (XRP) has a market cap of $21.32B, and a 24-hour trading volume of $303.54M. XRP’s price moves are lockstep with BTC. 

What causes Ripple hype
Source: CoinMarketCap

Latest Ripple News | The Company 

Before we begin, let’s state the obvious: Ripple and XRP are not the same things. Now that we’ve got that out of the way, let’s look at some news that has come from the company recently.

Ripple News #1 – Exec Explains Why XRP Has Hype

Cory Johnson, Ripple chief market strategist, recently opened up about why he thinks XRP has the hype that it does, despite the coin falling by more than 70% this year. 

According to Johnson, it is simply because people have money at stake. When your hard-earned paycheque is at stake, people “start to pay a little more attention to things.” He then added that he thinks “that’s one of the reasons there is such FUD.” Essentially, Johnson believes that when you have made a bet somewhere, you want other things to fail. He provided the example of Ether: “I think there are ether holders who hate XRP because they hold ether.” 

Do you agree with Cory Johnson?

Ripple News #2 – Exec Leading Fed Reserve Task Force

Word has surfaced that Ryan Zagone has been selected to be a part of the Federal Reserve’s Faster Payment Task Force Steering Committee. Not only has he been selected for the task force, but Ripple’s own will be leading the ranks, comprising of roughly 300 representatives from various industries, such as payment services and financial institutions. 

In response to the news, Zagone said that it is “a privilege to be selected.” He added that he is excited about “leveraging Ripple’s global experience.” 

Latest Ripple News | The Takeaway

What do you think about XRP’s market performance so far? What do you think about Zagone leading the task force? Is this what causes Ripple hype? What do you think?

>> Ripple Price Analysis: June 18, 2018

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