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Ripple CEO States XRP Very Much Decentralized

  • Ripple CEO Brad Garlinghouse said that XRP “is very clearly decentralized.” That was a response to numerous allegations that XRP is a centralized asset

Cover image via U.Today

In an interview that took place at the Swell conference recently, the Ripple CEO Brad Garlinghouse said that XRP “is very clearly decentralized.” That was a response to numerous allegations that XRP is a centralized asset since the majority of the tokens are frozen in the Ripple’s vault, which fueled opinions that the company may manipulate the coin’s market rate.

Besides, this is a fact that Ripple may freeze any holder’s XRP amount if the person is suspected in money-laundering, terrorism or other illegal activities. Also, XRP cannot be mined.

However, the CEO stated that nobody has the power to control the XRP ledger.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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