Ripple News Today – Yesterday was the 50th anniversary of Earth Day. In a celebratory post the Silicon Valley tech company, Ripple, noted that their XRP token is more sustainable than Bitcoin BTC, Ethereum ETH, and even fiat money. For starters, Ripple talked about the negative environmental impact of printing fiat money. They referred to things like deforestation and the greenhouse emissions that are directly attached to it. Apart from paper money and coins, even credit cards are not eco-friendly as they are made with polyvinyl chloride (PVC).
Cryptocurrencies are supposed to be better alternatives than fiat and other traditional methods of making financial transactions. However, the Bitcoin network is currently consuming more energy than Chile. Bitcoin isn’t the only network that demands such a significant amount of power. All proof-of-work networks require a lot of energy like Ripple pointed out. In Ripple’s words, the XRP token is “incredibly sufficient and sustainable.” Ripple’s XRP network requires the same amount of energy that can power just 7 lightbulbs.
Despite the eco-friendly nature of the XRP token, Ripple is still constantly losing supporters. Many people are worried about the ever-increasing influence that Ripple has on the XRP token. Ripple controls more than 60% of the XRP token in circulation. From time to time, they sell these tokens and use the proceeds to fund the development of the XRP ecosystem. On several occasions, Ripple executives have denied manipulating the token stating that it isn’t in the company’s best interest.
About six months ago, one of Ripple’s key executives, Miguel Vias dispelled rumors that he would be leaving Ripple soon. When a member of the XRP community asked him if he was planning to leave the company, he said that he had no plans to leave the company anytime soon. Vias, who joined Ripple during its early stages in 2016, joined the long list of executives who have left the company in recent times. As he updated his LinkedIn profile to include that he has left Ripple, he made a post. Part of it was as follows;
“Ripple and XRP removed most of the initial reservations I had around bitcoin, namely that there was an actual group of people focused solely on integrating into the financial system, instead of displacing it.”
XRP (XRP) Price Today – XRP / USD
As Ripple is losing executives, it is also employing other renowned members of the fintech society to help it further its goal.