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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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All Things Ripple | XRP News, Company Talks India Crypto Ban – Crypto Currency News

XRP News – In the past month, the crypto market has taken a bit of a beating. Now, the SEC has deemed that Ethereum (ETH) isn’t a security, and the market is turning around. Bitcoin is up in the past 24 hours, as is Ripple (XRP) and Stellar (XLM). 

In this article, we’re going to look at XRP news. Specifically, XRP price news. Then, to end, we will look at Ripple news —  pieces that have come from the software company. 

XRP News | XRP Daily Chart 

Ripple (XRP) is currently selling for $0.55. This puts XRP up 1.94% in the past twenty-four hours. Right now, XRP has a market cap of $21.66 billion, and its 24-hour trading volume is around $303.19 million. 

XRP news

Source: CoinMarketCap

Ripple News | The Company 

While not correlated, it is thought that the more success Ripple, the software company, has, the more successful XRP will be. So, has Ripple done anything successful lately? You bet! 

Donating Money to Schools Across the Globe

A couple weeks ago, Ripple donated $50M to Universities across the globe, in order to further blockchain research. Then, yesterday, Ripple added one more thing to the conversation: the San Francisco-based company said that it will be investing $2M over the next 5 years in the University of Texas at Austin’s school of business. 

This is just one of the many initiatives that have allowed Ripple to have one of its best quarters. Ripple, which owns a lot of XRP, has had more partnerships and collaborations than ever before. Not to mention we’ve seen two banks join the RippleNet in less than two months. 

Sector Drama Doesn’t Faze the Company

The company has done a lot of good lately. However, it’s important to mention that Ripple isn’t a company that will hide its opinions on the crypto sector just to spare the feelings of investors. Need an example? Here are two. 

Bitcoin Bashing

Brad Garlinghouse, Ripple CEO, has been pretty vocal about his opinions on Bitcoin. At the end of May, Garlinghouse said Bitcoin is the “Napster of Digital Assets.” Then, a couple days ago, the Ripple CEO stated with utter confidence that BTC is “controlled by China.” 

India Crypto Ban? Ripple isn’t Worried

Word has surfaced that Ripple isn’t worried about the mandate on restricting banks from dealing with virtual currencies. The mandate was implemented by the Indian Central Bank. According to various reports, Ripple believes that the bank will soon overturn the ban. 

>>Paxos Adds Litecoin (LTC): More Coins to Come Soon

The Takeaway

What did you think of the XRP news today? Do you think XRP could continue to be in the green during the weekend trade? What did you think about the Ripple news? Do you agree with Ripple’s thoughts on the India crypto ban?

Featured Image: Depositphotos/© PromesaStudio

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