Category: Ripple

Ripple and its associated cryptocurrency XRP are often conflated. Yet, partnerships announcements and updates from Ripple, even when unrelated to the token, impact the price. We interviewed a Ripple employee to better understand the relationship between the price of the token and the success of the company.

Major news from Ripple seems to have a direct impact on XRP’s price. Ripple’s partnership with MoneyGram sent the price up 6.28 percent after the news. Yet, the relationship between token demand and Ripple’s institutional payment products remains unclear.

CryptoSlate reached out to an employee at Ripple for clarity on the matter. The source was only willing to speak contingent on anonymity due to reprisal risks.

Background on the XRP token

XRP was created in January of 2013 by Chris Larsen, Jed McCaleb, and Arthur Brito. Larsen and McCaleb would go on to found Ripple.

The post Former Ripple employee speaks out, XRP price doesn’t reflect xRapid use appeared first on CryptoSlate.