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An ex-Ripple employee has highlighted that there is no doubt that the use of xRapid has no effect on XRP.
The Ripple employee, according to CryptoSlate, who spoke under anonymity, agreed that there is no doubt that big Ripple partnership increase the price of XRP as seen when Ripple announcement an investment in MoneyGram.
The Ripple employee attested to the fact that the price of XRP is being moved by notable announcement, despite the fact that XRP and Ripple the company are two separate entities.
The anonymous former Ripple employee said the progress of Ripple is most time misinterpreted with the progress of XRP.
The source claimed that xRapid adoption usually has no effect on the price of XRP. As known, banks do not compulsorily need to hold tonnes of XRP when they intend adopting xRapid.
He claimed that even if banks adopt xRapid in millions, the effect may not be felt on the XRP market. The anonymous source said that if all banks adopt xRapid, the price of XRP may not increase.
“Even if every bank used xRapid the price of XRP wouldn’t necessarily increase.”
He said the price of XRP is driven by people thought of adoption, and this increase XRP price.
Bitrue’s Ripple XRP Validator Goes Live Aims at Improving the Decentralization of the Network
Bitrue, the Ripple XRP-centric exchange marks its first anniversary today 19th July 2019. A couple of hours ago, the exchange announced its intention to celebrate specially with XRP community member, by gifting out 30,000 XRP proportionally to the holders who have at least 100 USDT in their wallets.
On this same day, Bitrue exchange has also announced the running of its own XRP validator. According to the tweet, the tool that has just gone live will be crucial to the mission of the digital currency as the consensus process closes by.
The official announcement also read that the validator will be functional at improving the decentralization of Ripple XRP network, reiterating its dedication to making the cryptocurrency excel, with the hope of convincing other crypto exchanges to follow suit.
Read the official statement below:
“Bitrue’s very own XRP validator is now running. XRP validators are crucial to the mission of XRP as they participate in the consensus process and improve the decentralization of the network. We’re dedicated to the success of XRP & hope that other exchanges will join us soon!”