• The age-old argument that Ripple’s XRP crypto token isn’t fully decentralised has seen the parent firm face some serious scrutiny over the years.
  • Such an association with Ripple is what has allegedly been the reason for the price of the XRP token slowing down in the charts.
  • Brad Garlinghouse has made it clear on several occasions that the firm has distanced itself from its token.

The age-old argument that Ripple’s XRP crypto token isn’t fully decentralised has seen the parent firm face some serious scrutiny over the years. Over the past 12 months especially, XRP supporters have had their cryptocurrency criticised by other communities in the space due to the ‘lack of centralisation’ in the token. Such an association with Ripple is what has allegedly been the reason for the price of the XRP token slowing down in the charts. In fact, some say this is the reason it’s been in such a state since this time two years ago.

The CEO of Ripple, Brad Garlinghouse has made it clear on several occasions that the San-Francisco firm has distanced itself from its flagship token. Even though the impact on XRP from Ripple is substantial, Garlinghouse said the following:

“It [XRP] exists independently of Ripple the company. If Ripple the company shut down tomorrow, the XRP ecosystem would continue to exist. It’s an independent open source technology.”

But one crypto commentator has said that XRP investors don’t need to keep on getting hung on the short-term performance of the token because eventually, the long-term will see the token surge. 

Taking to Twitter, DM Logic said:

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

Source
Author: Adrian Barkley

Categories: Altcoins

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