“While Ripple has been positioning XRP as solving cross-border financial transaction issues among banks, there are also indications that Ripple is essentially a scam. Banks around the world are getting wise, and JPMorgan has timed its release of its coin to fill the void that Ripple’s apparent dishonesty is leaving in the marketplace,” Bloomberg wrote.
Ethereumworldnews says that the author’s comments towards Ripple definitely lack substantial evidence.
They remind readers that Ripple has been making a lot of efforts to dissociate itself from the idea that they are controlling XRP in a high bid to promote decentralization.
It’s true that Ripple, the company, does hold a vast amount of XRP.
This debate has been going on for a really long time, but Ripple has been moving on with its plans to replace SWIFT and offers users a secure, fast and cheap way of transacting money across borders and more.