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Ripple The Company distances itself from their XRP Digital Asset?

XRP is the native token of Ripple. What we now know simply as XRP was part of a rebrand that seemed designed to highlight the distance between Ripple and XRP.

There have been some theories that have been discussed about the topic concerning the reasons why this could have happened.

Ripple was accused of managing unregulated security, XRP

As you all know, XRP has been investigated more than once as part of a request for securities in which Ripple, the company, has been accused of handling unregulated security.

In addition to this, Ripple was also accused of holding a huge amount of XRP, which meant that the currency would be centralized.

Ripple is still the biggest holder of XRP, with about 60 billion coins in the company's reserves, and this problem does not seem to have been addressed yet.

However, the important names of Ripple have addressed all these problems a long time, denying that XRP is centralized.

This recent rebrand probably highlights the fact that the company really wants to distance itself from the XRP token.

On the other hand, Ripple clearly supports the token by promoting its xRapid product, which is likely to be launched in October and is based on XRP.

Furthermore, all the developments and results achieved by Ripple are reflected in the price of XRP. This is not a bad thing, after all.

Overall, the price of XRP has grown rapidly and is expected to grow even more.

There has been a separation between Ripple and XRP

On the other hand, it seems that after the rebrand there has been a mental separation and finally the general population understands XRP as a different entity, as a separate part of the Ripple project, and people have stopped calling XRP, Ripple.

"According to Google's online trend tool, which allows you to compare keyword terms by search volume, XRP has not only more than doubled in last week's research, but is putting the distance between its association with Ripple, the company original behind the cryptocurrency ", Observes Ethereum World News.

They continue and explain that "While XRP has managed an increase in the volume of search for keywords, a sign that has historically had a good performance both for the price and for the interest in a coin, appear the Ripple variants and other cryptocurrencies of the blockchain start in relation to the XRP token fall to the side of the road, and for good measure. "

Eduard Watson Author

A financial writer who has been an expert for over 10 years, an active observer in the industry and a gadget enthusiast.

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