Ripple, the cross-border payment company based in San Francisco is the widely known distributor of the digital token XRP. The duos are clearly two different entities, but the mutuality between them has brought them close. However, the weight and the popularity of Ripple have made an XRP community member to suggest that the name given to the digital currency is not a good retail name.
Ripple, a Better Retail Name
The involvement of Ripple in the course of unleashing the utilities embedded in its digital token XRP has somewhat caused the name “Ripple” to be taken for XRP whenever institutions with little basic knowledge of cryptocurrency refer to the digital token.
This prompted an XRP community member identified by the pseudonym “XRP Neo” to aver that XRP is not a good retail name. There he proved that Ripple sounds a lot better than XRP.
He went further to point out that there are more chances for mainstream to adopt the name “Ripple” for the cryptocurrency than the vastly known XRP.
He said, “It is likely that the mainstream will call it Ripple even if awareness for XRP increases. XRP is not a good retail name. Bitcoin is a lot better. – ”send me some Ripple” sounds a lot better than ”send me some XRP”
Relationship between Ripple and XRP
Ripple is a blockchain overseing the distribution of XRP. A lot of crypto enthusiasts are without the knowledge that Ripple and the digital token XRP are different but integrated entities.
As reported, Ripple owns 60% of XRP in circulation. As the digital currency appreciates in the market, the payment firm accrues a lot of gains due to the percentage of the digital token it holds.
So, the rumor that Ripple intentionally initiates selloffs in order to cut down the price of XRP in the market could be far from the truth. The blockchain tech is a business entity, and the thought of every big or small business is basically on returns after investment.
The relationship between Ripple and the capital business ventures in the world has made them to sometimes take the name “XRP” for Ripple when referring to the digital token.
It’s now obvious that the success of Ripple is always termed by XRP community members as the success for XRP and vice versa. Whenever the price of the digital currency appreciates, Ripple gains, this makes it somewhat sure that the firm will often strive to get XRP involved in things that would enhance its market price for notable growth.
Ripple attacked for Taking XRP as Mere Discovery rather Than Created
This topic has quite been raging for a long time. It was exhumed a few weeks ago by Nic Carter, a co-founder of Coinmetrics.io and partner at Castle Island Ventures.
Nic took it upon himself to point out fault of Ripple in portraying XRP as something merely discovered rather than created, which is seen as a means to distance itself a bit from the digital token.
For the record, these psychopaths are still literally and without a shred of irony claiming that they "discovered" XRP as opposed to having created it. https://t.co/YaxmFkWLtW
— nic carter (@nic__carter) October 9, 2019
Cory Johnson about Ripple and XRP Relationship
The fact in Ripple Labs attempting to make a clear difference between the payment company and the digital token XRP has quite been a subject for scrutiny as far back as 2018.
The point made here by Ripple’s former chief market strategist, Cory Johnson calls for a closer look as to what XRP means to the cross-border payment giant.
He said, “Ripple’s relationship to XRP is akin Chevron’s relationship to oil. We have a lot of it, we believe it’s a superior technology and we support its many uses — for billions of reasons. But we don’t have all of it, we don’t control it and we aren’t it.”