Ripple is one of the biggest crypto-projects so far but has been the main topic of discussion in the crypto-sphere lately, and it is due to the controversies that surround it. Ripple has made significant strides in the past few years, and its innovations have been on a positive side, but despite all these, a crypto enthusiast who goes by the name Andrew commented on Twitter that the interest in Ripple and XRP is declining at an alarming rate.
Here is Andrew’s tweet:
Are People Really Losing Interest in Ripple?
The main reason for the increasing decline in Ripple (according to Andrew) wasn’t stated, but it is suggested that it may be due to the issues and controversies that surround Ripple at the moment.
It is necessary to know that; lately, Ripple has been subjected to lots of criticisms such as if XRP is a security or not (this case is currently under review in court), if Ripple is decentralized, and the issue of fake institutional investors on the blockchain.
According to reports, Ripple holds more than 60 percent of the total XRP tokens in circulation today, and the issue of centralization on Ripple’s blockchain has become a big issue – not only that – but the main topic among cryptoanalysts and enthusiasts.
However, even though these allegations linger around Ripple lately, it is doing quite well in terms of reliability when it comes to cross-border payments; no doubts, it is the most reliable service for cross-border payments. Ripple’s different tools: xRapid, xCurrent, and xVia, have experienced massive adoptions from various financial institutions today.
It is important to know that leading social investing platform ETORO launched crypto services in 32 US states and it is doing this by adopting Ripple as a payment tool for its payments.
Subsequently, Euro Exim is also one of the banks that is making use of Ripple’s technology in the United Kingdom for payments. Lastly, cryptocurrency exchange Huobi recently added XRP support to its OTC trading platform. These and many more are the recent positive happenings around Ripple.
So, it remains uncertain as to how can anyone back Andrew’s claim of XRP interest decline (that only thing that’s happening is, it’s getting more adoption chronologically). It is important also to note that XRP is known to provide liquidity for xRapid and it is massively adopted all over the world already.
XRP is widely known and has lots of supporters. More importantly, alongside their premium vision, Ripple is popular for its charities, and it recently partnered with Tipping Point to fight poverty in the Bay Area by donating $1 million.
A recent tweet by Tipping Point reads:
On Andrew’s claim, the issue is still open to debate, and lots of Twitter users have commented giving their own opinion about Ripple. A lot of them clearly supported Ripple and stated their increasing interest on the cryptocurrency.
One user said,
“Sell me your bags! I will hodl for you.”
Image courtesy of Pixabay.
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