Ripple, the well-known blockchain-based company, has kept a safe distance from its own token, XRP. XRP functions as the power source behind some of the firm’s most popular products, as well as the XRP Ledger network. This approach has puzzled the cryptocurrency community for years. However, with recent developments, Ripple seems to be moving closer to XRP.
While the firm used to insist that XRP and Ripple were separate entities, the situation has begun to change. New reports suggest that Ripple is looking at integrating the two, which could ultimately have a significant impact on the cryptocurrency market.
There are numerous hypotheses as to why Ripple has kept XRP at arm’s length for so long, ranging from legal concerns to business development strategies. Nonetheless, it appears that these are no longer issues for the company.
Despite Ripple’s previous reluctance to merge its products with XRP, the possibility of doing so is now on the table. A merger of this sort would likely result in Ripple integrating XRP more heavily into its product lineup, resulting in significant consequences for the entire cryptocurrency industry.
While the relationship between Ripple and XRP has long been a complicated one, it appears as though a resolution may be on the horizon. In any case, the cryptocurrency world will be keeping a close eye on Ripple and its next steps.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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