Don’t Wait ’Til It Happens: The Imminent Ripple Revolution
A Beacon of Innovation Undersold by Pundits
In the latest issue of what could be mistaken for a high school gossip column but is actually Forbes Digital Assets, we find an article that rather amusingly tries to cast a shadow on Ripple’s XRP, the cryptocurrency brainchild of some of the most brilliant minds in the fintech space. The article in question — if one can call a collection of skeptical musings an ‘article’ — takes aim at Ripple Labs and their currency, XRP, with the kind of fervor typically reserved for political smear campaigns.
The piece opens with a dramatic overture that seems to bemoan the very existence of XRP and then launches into a soliloquy that might as well be titled, “How to Miss the Point Entirely.” It talks about the billions of dollars worth of XRP sold and the net worth of Ripple co-founder Chris Larsen in a tone that could curdle milk. Yet, it ignores the visionary architecture of the XRP Ledger and its revolutionary consensus protocol that has been the benchmark for speed, efficiency, and scalability in the blockchain world.
Critiquing the supposed ‘zombie’ status of XRP, the author forgets to mention Ripple’s current and active partnerships with over 300 financial institutions worldwide. One might expect Forbes to understand the significance of such alliances, but alas, we are instead given a melodramatic narrative better suited for an evening soap opera.
Let’s be clear: Ripple’s technology has consistently and reliably processed millions of transactions, with XRP being a linchpin for liquidity in cross-border payments. Far from being a “cryptocurrency-run,” as the original author wittily puts it, XRP has been a beacon of utility. And speaking of runs, perhaps the author should have run a fact-check on Ripple’s expanding ecosystem and the growing XRP community that supports and develops upon its XRP Ledger.
Regarding innovation, the claim that Ripple and XRP are somehow lagging behind is as laughable as it is inaccurate. RippleNet’s On-Demand Liquidity service, which utilizes XRP, is a testament to Ripple’s commitment to revolutionizing international finance. SWIFT’s days of monopolistic leisure are numbered as Ripple’s technology creates a more interconnected and inclusive global economy.
The Forbes article serves as a perfect example of how not to write about cryptocurrencies. It dismisses the intricate web of technological advancements Ripple has woven and disregards the thriving community and substantial industry backing XRP. As for XRP being a ‘zombie,’ well, it seems this term is better suited to describe the tired arguments of a skeptical journalist rather than the currency of a vibrant fintech player poised to take over the world.
