The San Francisco based crypto-startup Ripple, since its debut, is close connected with deviation of traditional cryptocurrency philosophy. The delivering of traditional banking infrastructure solutions for efficiency, the centralized nature of XRP and the team’s comments in favor of the fiat standard has made the community engage a hate sentiment towards the coin.
As commented by the CEO of Arrington XRP Capital – Michael Arrington, saying that indeed the only thing in common and that everybody agrees on in the cryptoverse is that they all hate the token.
But, this does not impact the company at all to grasp success as they are offering financial solutions to traditional banking systems and ordinary users also.
After partnering with Wirex, the company was able to add XRP token support to its Visa card. Subsequently, the number of sign-ups and transactions on the platform had a considerable boost.
Another user mentioned that XRP is an excellent tipping option. This case of microtransactions is essential because many cryptos have been attacked because of the high costs of uploading a transaction to the blockchain. The use of XRP allows for fast and cost-free transactions, providing an excellent opportunity for adoption in real-life scenarios.
The last week has been a constant violent sell-off for the digital crypto-assets as even the leading coins by market capitalization are over 20% in the red. The only that is in a single digit loss is Ripple’s famous XRP against the US Dollar as it has been able to stand in mid of the two major mark $0.40 and $0.50 [per time of writing $0.4400]. Other leading coins like BTC or ETH are dangerously surfing just above the important holding levels of $7,010 and $406.50.