Expert Says Ripple Not Abandoning XRP
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XRP community figure Eri says Ripple is not leaving XRP for global payments, citing strong client demand for stablecoins as reason for inclusion of USDT and USDC in Liquidity Hub.
Crypto Eri, a prominent influencer in the XRP community, has clarified the growing view about Ripple ditching XRP in its product offering to businesses. In a recent tweet, the influencer proclaimed that Ripple was not abandoning XRP.
Notably, Crypto Eri came to her conclusion based on certain factors, including Ripple’s substantial XRP holdings.
Why Ripple Won’t Ditch XRP
The first factor she highlighted was that Ripple itself is a large holder of XRP. Given that the payment firm owns XRP in billions, it may not be logical that it abandons XRP for other cryptocurrencies for cross-border payment services.
Furthermore, Crypto Eri highlighted a past statement from Ripple’s Chief Technology Officer, David Schwartz, where he reportedly said Ripple’s XRP holding serves as a strategic weapon.
Notably, the concerns that Ripple was deserting XRP intensified following the firm’s decision to add stablecoins to its Liquidity Hub product.
Last week, The Crypto Basic reported
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