Ripple CEO States XRP Very Much Decentralized

  • Yuri Molchan
    📰 News

    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.

Cover image via u.today
The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

👓 Recommended articles