Ripple’s idea is extremely better for the world than the Facebook stablecoin project according to the magazine writer and crypto influencer Cory Johnson who is also an editor at SLAM, Vibe, and TheStreet.com. Let’s see what he thinks further in the Ripple XRP news today.
Johnson believes that Ripple’s XRP is the only crypto that you can actually report about while when it comes to other cryptocurrencies in the industry, it is merely guessing. He tweeted in a response to the Libra issue inspired by the post on the Bloomberg TC anchor Joe Weisenthal. On October 24, Weisenthal stated on his Twitter page about having Katharina Pistol who is the author of ‘’The Code of Capital’’ book on his show ‘’What’d You Miss’’ to discuss Libra and apparently in the light of Zuckerberg’s testimony to the US Congress.
Earlier today, U. Today wrote about Weisenthal’s anti-bitcoin tweets and eToro’s chief analyst, Mati Greenspan, publishing an open letter to him in response. Katharina Pistol explained that Libra can bring much danger of corporations getting control of the new payment system saying that Facebook is conducting the pro-Libra campaign which means that the social media giant will be the decision-maker when it comes to the cryptocurrency and not the Libra Association.
Having explained that, Pistol admitted that the current system of transnational payments has been seemingly old and that the banks have to upgrade it in order to keep up. Pistol’s recent tweets also suggest that her attitude towards Libra and to any other similar payment system is very suspicious. Judging by the tweet that Johnson posted that Ripple’s idea is better than Libra, it is possible that he suggests that XRP can be the answer to the current issues of the transnational payment systems.
As a reminder, Ripple has been testing the new On-Demand Liquidity product recently formerly known as xRapid, and MoneyGram on the largest Mexican exchange Bitso. Also, Ripple has set up an office in Washington DC for a better dialogue with the financial regulators regarding cryptocurrencies and blockchain technology. The entire industry is now under heavy regulatory scrutiny so we can only expect to see more.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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