The debate over XRP’s future hit a fevered pitch on Twitter after the crypto exchange Binance posted a provocative tweet that quickly went viral.
It all started when Binance asked its 1.1 million followers to describe the fourth-largest cryptocurrency.
$XRP is _________
— Binance (@binance) July 5, 2020
A deluge of supporters and critics of Ripple’s native token took the opportunity to air out their sentiments.
Those who are bullish on XRP highlight a number of features that they believe make the token better than the competition. They cite the fast transaction speed of the crypto asset, as well as Ripple’s push to utilize XRP in the remittance industry and transform the way money moves around the world.
The best digital asset in existence! pic.twitter.com/m8i3yEwJGi— Panos (@panosmek) July 5, 2020
going to revolutionize payments.— Leonidas Hadjiloizou (@LeoHadjiloizou) July 5, 2020
Being used by Ripple to be a game changing disruptive tech that will kill Swift like Netflix did Blockbuster— Thinking Crypto (@ThinkingCrypto1) July 5, 2020
On the other side of the coin, detractors jumped in and shared their take, with a number of responses calling the token a scam.
Economist and crypto trader Alex Krüger refers to XRP as an “IQ Test” while the top trader Big Cheds says the coin is good for trading, but not much else.
Such heavy bags— ⚡️ Mark W Hanna⚡️ (@MarkHannaBTC) July 5, 2020
Trash. But I like trading it— Cheds (@BigCheds) July 5, 2020
Meanwhile, there are those who hold an impartial view on the crypto token dubbed as “the standard.” Crypto podcaster Layah Heilpern says the coin is “controversial” at the very least.
I tweeted about it and didn’t hear the end of it for like three days lol— Layah Heilpern 🎬 (@LayahHeilpern) July 5, 2020
Binance Research released its own synopsis on XRP in May of this year, calling the crypto asset a potential bridge currency with the goal of powering real-time and cost-effective global payments.
You can check out the full twitter thread here.