Published
5 years ago on
October 23, 2018
“There’s just no [other] way to do it that fast and that cheaply. So, it serves a really useful need for us. Also, When our LPs have redeemed … hopefully never … but when they want some of the money back, we [can] just send it in XRP again. And, there is no three-day wait for international wires or one-day wait for US wires. We’re not paying wire fees.”Arrington also said that a lot of the critics digging into Ripple and its token XRP aren’t fair by adding:
“The tribalism in this industry is insane … So, there is Bitcoin (BTC) maximalists … but everybody ‘agrees’ as XRP sucks, and I don’t really get it … I mean, they [Ripple Labs Inc] are a legitimate company. They don’t pretend to be something they’re not, and they’re really good at one thing: Moving money fast and cheap.”As reported by Blokt, the founder of TechCrunch also clarified that his support for XRP isn’t motivated by any business or personal matter although he admitted they do invest in XRP but mainly invest in other things too. Investment Disclaimer