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"Nothing better than Ripple & # 39; s XRP", Bitcoin not can compete, says TechCrunch Founder
Michael Arrington, the founder of TechCrunch, recently observed that Ripple's cryptocurrency XRP could be technologically superior to Bitcoin (BTC) and Ethereum (ETH).
Arrington's enthusiastic comments about XRP came during an interview with Block In Press, a South Korean blockchain company The founder of TechCrunch noted that Ripple's XRP was potentially "better" than BTC and ETH in terms of the ability to process transactions.
$ 100m Crypto Hedge Fund
In particular, Arrington has also launched XRP Capital, which is a $ 100 million hedge fund for strategic investments in various projects related to crypto and blockchain According to Stanford law graduate, has opted for the use of XRP because it thinks it can dispose of transactions more quickly and at low cost than the Bitcoin or Ethereum network.
When asked about other reasons why he chose XRP for his hedge fund, Arrington said that:
We thought, in fact, we know that XRP is the best for that first
"Bitcoin and Ether can not compete with XRP "
He added that the" detractors "of XRP could support its centralization and go against Bitcoin's peer-to-peer electronic cash (BTC) model, but added that:
To many people in the United States like it that way. And if you need to transfer money very quickly and very cheaply, there is nothing better than XRP. Bitcoin and Ether can not compete with this and it's fantastic for this.
In his interview with Block In Press, Arrington also commented on the business environment of South Korea. He explained that the Korean market could be "a little opaque" for Westerners, which may often make it difficult to work with local companies.
The founder of TechCrunch has argued, however, that there is great potential for cryptography in the $ 1.4 trillion dollar economy because 40% of white Korean white collar workers are invested in cryptocurrencies,
Arrington also believes that there is probably no other country where digital currencies have been so widely adopted, which suggests that most Koreans are receptive to new ideas and may be more willing to experiment with encrypted initiatives.