The eternal battle for the new world’s leading currency is always a hotly debated topic. For TechCrunch founder Michael Arrington, however, there is a clear, indisputable answer to this question. Bitcoin and Ethereum aren’t.
In a recent interview Arrington stated that in his opinion there is no better alternative on the crypto market to send money from one part of the world to the other end of the world than Ripple’s native crypto currency – XRP. Even though it is more centralized than Bitcoin, it is the first choice (freely translated) for him:
“We know that XRP is the best thing for that, because – it’s a little more centralized than, say, Bitcoin. It has its opponents. A lot of people in the US don’t like it. But if you need to move some money very cheap and very fast, there is nothing better than XRP.”
How centralized Ripple actually is we had already discussed in detail in a previous article. By this fact, there have been several lawsuits in the past against Ripple that denigrate XRP to be a security. To this day, there is still no court ruling that would conclusively and clearly clarify this question.
The eternal battle for the new world’s leading currency is always a hotly debated topic. For TechCrunch founder Michael Arrington, however, there is a clear, indisputable answer to this question. Bitcoin and Ethereum aren’t.
In a recent interview with Blockinpress, Arrington stated that in his opinion there is no better alternative on the crypto market to send money from one part of the world to the other end of the world than Ripple’s native crypto currency – XRP. Even though it is more centralized than Bitcoin, it is the first choice (freely translated) for him:
“We know that XRP is the best thing for that, because – it’s a little more centralized than, say, Bitcoin. It has its opponents. A lot of people in the US don’t like it. But if you need to move some money very cheap and very fast, there is nothing better than XRP.”
How centralized Ripple actually is we had already discussed in detail in a previous article. By this fact, there have been several lawsuits in the past against Ripple that denigrate XRP to be a security. To this day, there is still no court ruling that would conclusively and clearly clarify this question.
Arrington continues that the first deal its company Arrington XRP Capital has made has raised $50 million worth of money, with the help of XRP.
The money arrived within 3 seconds and it didn’t even cost 30 cents in transaction fees (translated freely):
“Our very first deal was over $50 million, and we moved that money in 3 seconds, and it cost 20 or 30 cents to move that $50 million. Bitcoin and Ethereum can’t. It’s not comparable.”
Through the cooperation of Ripple with Wirex, there was another adaptation of XRP which has contributed to a significantly broader use. On Twitter, one user shared his experience buying a coffee using the Wirex and XRP debit card.
Which crypto currency will prevail in the long term cannot be predicted at this time. The next time will show what surprises the crypto market has in store.
The courses of Bitcoin, Ethereum and Ripple are on the decline within the last 7 days. The postponement of the SEC’s decision to approve a Bitcoin ETF is causing a restless mood on the crypto market.
itcoin recorded a price decline of -7.57 percent to a price of 5,634.89 euros, Ethereum -9.66 percent to 320.20 euros and Ripple -13.97 percent to 0.30 euros within the last 24 hours. Market capitalization fell from USD 250 billion to just under USD 231 within a few hours. It remains to be seen when the crypto market has found the ground.