The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

The Brewing Crypto Battle Over Ripple, XRP, Ripple (XRP), XRP (XRP), Ripple and XRP, and Ripple/XRP

by Daily Hodl Staff
December 30, 2018
in Altcoins

In a tweet that set off an epic Twitter thread, crypto exchange Kraken spells out why it thinks a name change is in order to straighten out the longstanding debate over “Ripple” the company versus “XRP” the asset.

Dear XRP Army, Ripple is (and was first) a payment protocol whose native currency is XRP. You could suggest the eponymous company change its name (again) to avoid ambiguity. The convention is <protocol> <asset>, like: Ripple XRP, Ethereum ether, Bitcoin bitcoin, etc. ?

— Kraken Exchange (@krakenfx) December 29, 2018

Investors and enthusiasts weighed in, offering various versions of clarity.

According to AngryLlama,

“Ripple is not a payment protocol. It’s a Silicon Valley tech company. That’s a fact. It’s most popular product (xCurrent) doesn’t even directly use XRP.”

Kraken lists Ripple on its list of crypto-to-fiat trading pairs – ticker symbol: XRP.

Responding to Kraken, XXIII writes,

“So their argument is that it’s (protocol) (asset) but they clearly stated they are listing ‘Ripple’ which in their terms is the protocol. So they’re listing the Ripple protocol?”

Tiffany Hayden asks,

“Why is it too much to ask that you list $XRP as XRP? Everybody is trying to be crystal clear here. Why aren’t you?”

To which Kraken replies,

“It’s not and it is listed as XRP. Ripple XRP, to be specific.”

After a round of tweets about “ripples” and “nipples”, Kraken pinpointed the confusion.

“People seeming to find confusion in a company having the same name as a protocol, some claiming to think that buying XRP is buying Ripple company stock, some wanting “Ripple” to never be mentioned in the same sentence as XRP.”

CryptoNT points out that “ripples” was the native currency and that Ripple and XRP have a shared history.

“Steinar XRP” explains that preceding “XRP” with the word “Ripple” is an odd nod to the holder of the digital asset.

“Ripple is not XRP and XRP is not Ripple. Why can’t you understand that. You can then also call “bitcoin” Craig Wright (BTC) or Winkelvoss (BTC) because they own and use it. Or why not tiffany (XRP) because it sounds better than XRP (XRP) Please explain why. like I’m 5 years. thx”

Kraken explains,

“Correct. One is a protocol (Ripple) and the other is the native currency of that protocol (XRP). It’s only confusing because Ripple Labs, Inc. (and others) refer to the company as “Ripple”.”

Ripple, whose top execs and public relations agency have all said that XRP can exist without the company Ripple, and that XRP is not a security, is still working to convince investors, news outlets, and exchanges to use the same terminology. People in the cryptosphere refer to the digital asset by using any of the following terms.

  • Ripple
  • XRP
  • XRP (XRP)
  • Ripple (XRP)
  • Ripple and XRP
  • Ripple/XRP
  • ripples

WorldCoinIndex, for example, lists the digital asset as Ripple with the ticker symbol XRP while both CoinMarketCap and CoinGecko list the digital asset as XRP with the ticker symbol XRP.

However, both CoinMarketCap and CoinGecko include “ripple” in their URLs:

https://coinmarketcap.com/currencies/ripple/
https://www.coingecko.com/en/coins/ripple

Tweets XRP Research Center,

“Then change it to: XRP Ledger (XRP). <Protocol> <cryptocurency> It’s not that hard.”

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Ottochain Homage to EVMOS and Ethereum Layer Two
    September 21, 2023
  • Algorand Foundation Announces Build-a-Bull Hackathon in Collaboration With AWS
    September 20, 2023
  • OKX Achieves SOC 2 Type II Certification, Demonstrating Its Industry-Leading User Safety, Security and Compliance Standards
    September 20, 2023
  • Meme Fans Eye El Hippo (HIPP) As Floki Inu (FLOKI) Price Dips
    September 19, 2023
  • Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience
    September 19, 2023
  • Xsolla Launches Mall, an Online Destination for Video Games
    September 18, 2023
  • BlockchainSpace Debuts Polygon-Based Community Rewards Platform, YEY, With Philippine Telco Giant at FIBA 2023
    September 14, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$26,650.14
$26,650.14
0.01%
Ethereum
$1,594.71
$1,594.71
0.5%
Cardano
$0.244882
$0.244882
1.47%
XRP
$0.511251
$0.511251
1.04%
Dogecoin
$0.061531
$0.061531
0.25%

Spotlight

  • Analyst Who Nailed 2022 Crypto Bottom Unveils New Long Position on Bitcoin – Here Are His Targets
    September 15, 2023
  • Top Trader Says He’s Reaccumulating One Solana-Based Altcoin That’s Up Over 500% in Three Months – Here’s Why
    September 15, 2023
  • Bitcoin Primed To Surge Over 70% in 2015-Style Price Jump, Says Michaël van de Poppe – Here’s the Timeline
    September 15, 2023
  • Trader Says Bitcoin Just Flashed a ‘Great Sign’, Predicts One Top-10 Altcoin Will Go Parabolic in Coming Months
    September 15, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash • Financeflux •
Industry Announcements

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl