XRP shoots after Ripple executive declares Bitcoin’s maximalism ‘finished

“I think the days when people believed that there would only be Bitcoin, I think, are over,” Asheesh Birla said.

XRP shoots after Ripple executive declares Bitcoin ‘maximalism is over’NEWS
In a podcast for the Lend Academy recorded on November 5, RippleNet general manager Asheesh Birla called Bitcoin (BTC) a “very innovative alternative to gold”, but added that 2020 had shown that there was room for many tokens in the crypt space.

Birla said she believed that Bitcoin did not “go after” payments and, as different projects had different use cases, the overwhelming dominance of the currency is no longer a certainty:

“I think the days when people believed that there Crypto Revolt would only be Bitcoin, I think, are over. I think it is clear that there will be many digital assets and many more traditional assets that will be converted into tokens as digital assets. ”

The RippleNet executive made the comments when the price of XRP was around US$0.25. Since then it has tripled, rising to $0.92 last week before falling 30% amid a broader market downturn.

Despite the XRP’s lack of movement at the time, Birla added that she was feeling optimistic about the cryptomore-space returning “to the flames again” after the 2018 drop.

“I don’t see traditional venture capitalists as interested as they were in 2017,” he said. “But in my opinion, I couldn’t be happier in terms of innovation in space.

Ripple co-founder Chris Larsen and CEO Brad Garlinghouse recently expressed frustration at the lack of regulatory clarity for Ripple in the United States. Last month, SBI Holdings CEO and Ripple board member Yoshitaka Kitao said that blockchain-based payments may be considering moving its headquarters to Japan. Larsen believes that the authorities in the US have a policy of “regulation through enforcement” and are “terribly late” in preparing for the next generation crypto-based global financial system.

At the time of this publication, the price of the XRP was $0.61, having fallen 3% in the last 24 hours.