The growing popularity of cryptocurrencies also brings with it interest from leading politicians. The former Treasurer of the Obama administration in the USA contributed the latest statement this time. According to her, it is the most suitable option for payment by cryptocurrencies is XRP token from Ripple. BTC is pure speculation.
XRP as a payment instrument
It is no surprise that Rosa Rios highlights XRP as she recently became a member of the company’s board of directors. Ripple. According to her, BTC is only a purely speculative tool. Rios presented her opinion on her Twitter, which basically expressed her support for XRP in the current case. Ripple Vs. SEC.
– Rosie Rios (@RosieRios) September 26, 2021
One of Rios’ main arguments is the recent statement by the Chinese government, which prohibited any use of cryptocurrencies other than possession. BTC provides nothing but speculation.
“The primary purpose of XRP is to facilitate cross-border payments, while other cryptocurrencies find value in speculation. China’s latest move confirms this. “
Use of Ripple
“Blockchain and cryptocurrencies will be the foundation of our future global financial systems. Ripple is one of the best examples of how to use cryptocurrencies in a substantial and legitimate role to facilitate payments worldwide. ”
In the end, Rios also relied on crime, which becomes the target of opponents of cryptocurrencies:
“There’s still a lot of work to be done to really know what’s behind the curtain, how blockchain actually works, how, unfortunately, cryptocurrencies are used to fund dark sites and other illegal activities.”