Yuri Molchan

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
Ripple CEO States XRP Very Much Decentralized

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.

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