Home
News
- Brad Garlinghouse, Ripple CEO, accused of spreading bitcoin energy usage FUD.
- In reply to these accusations, he believed the comments to be flattering.
- The Ripple CEO is in the news since last month because of his views about the largest cryptocurrency, Bitcoin and its energy consumption.
With the strings of opinions popped up for the BTC, this time the Ripple CEO accused of spreading Bitcoin energy usage FUD.
In a reply to the accusations to the Chief Strategy Officer of CoinShare, Meltem Demirors, Garlinghouse felt these comments to be beyond flattering.
They think that Ripple is the puppet master behind Elon Musk, governments, crypto traders, and scientists. And even others who have talked about the BTC’s energy use.
To find a solution to the energy problems
Garlinghouse did discuss the issues of energy usage of cryptocurrency assets earlier last month and has requested the crypto community to find a solution to the energy problems.
In the past week, Elon Musk criticized Bitcoin and announced that Tesla won’t accept Bitcoin in future. His statement created a ripple in the market and the prices of BTC slashed down immediately. Criticised for his comments and actions on Twitter by the crypto community.
While talking about the solutions for Crypto and the accusations laid on him, Ripple’s Garlinghouse said there are tools to make crypto 100% renewable to reach its full potential.
The solutions
The solutions should be the priority so that they change the opinion of many like Bill Gates, Janet Yellen. And many others who have concerns about energy usage.
His company is based in San Francisco and is on an expansion spree. The company has partnered with two companies from Asia in 2021. Despite knowing the fact that Ripple is currently facing a lawsuit filed by the U.S. Securities and Exchange Commission for selling unlicensed securities in the form of XRP. The company achieved success and accelerated its global partnerships in recent months.
Ripple partners with Tranglo for 40% stake
Ripple has partnered with Tranglo and acquired a 40% stake in the company. Tranglo is one of the largest cross-border payment firms in Asia. In the past week, the blockchain company has joined hands with the National Bank of Egypt and Dubai’s Lulu Exchange.
The company has reported an increase in the sale of XRP in the first quarter of 2021. Not only this, Ripple has also been scaling the activity of XRP liquidity and its increasing demand in Asia. Ripple has termed XRP as the bridge currency for CBDCs in a recent whitepaper.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
