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Ripple CEO States XRP Very Much Decentralized

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Wed, 3/10/2018 - 19:03
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Ripple CEO States XRP Very Much Decentralized
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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.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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