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Ripple Could Be Doing Massive Rebranding While Community Argues about 1 Bln XRP Release from Escrow

  • Yuri Molchan
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    The Ripple community is having heated discussions over the recent 1 bln XRP release and Ripple removes links to its products – xRapid, xCurrent and xVia

Ripple Could Be Doing Massive Rebranding While Community Argues about 1 Bln XRP Release from Escrow
Cover image via www.123rf.com
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Ripple seems to be in the midst of a massive rebranding, removing the links to its products from the website and promoting xRapid system under a new name.

Links to xCurrent, xRapid and xVia are gone

The major crypto company Ripple, which works with the third-largest currency XRP, has removed links to its global products from its website – xCurrent, which is a messaging system from Ripple that numerous banks are currently signing up to within RippleNet, xRapid – a product that offers instant transfers of XRP and xVia – another system for instant payments.

Ripple seems to have renamed xRapid into On-Demand Liquidity and it will continue to allow its customers to utilize XRP.

The page that previously explained how xRapid worked and invited customers to join, now speaks of the On-Demand Liquidity payment system. There is even a quote from MoneyGram payment provider that is known to use xRapid and XRP.

MoneyGram
Image by Ripple.com

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The XRParmy argues about the recent release of 1 bln XRP

On October 1, the Whale Alert account on Twitter reported another massive XRP release from escrow – 1 billion tokens were unlocked. The authors of the channel commented that this is a regular monthly XRP release from escrow.

Recently, the XRP community has divided in their attitude towards these and other acts of ‘XRP dumping’. As of late, a Twitter user named Crypto_Bitlord seems to have taken the position of an unofficial leader of those who believe that XRP dumps keep the coin’s price low.

The aforementioned person has even threatened to conduct an XRP hard fork to stop this and has approached John McAfee, supposedly, with an offer to shill the new XRP coin.

This time, Crypto_Bitlord was the first to leave his negative comment under the Whale Alert tweet to say that he has become ‘sick of this’.

This provoked a heated discussion between him and his supporters with those who believe that Ripple would not be manipulating the XRP market against themselves.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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