David

Arthur

Ripple Labs and its native crypto, XRP, is dealing with intense <a href="https://news.todayq.com/sec-vs-ripple-a-crucial-battle-crypto-industry/" rel="noopener noreferrer nofollow">legal scrutiny</a> launched by the US Securities and Exchange Commission (SEC). Amid this legal battle, XPMarket CEO came out to move air over a matter that’s been floating in the market. Ripple and XPMarket connection 
Arthur Kirjakulov, CEO at XPMarket in the latest post opens up on the misconception running in the market. He stated that it is like the proverbial elephant in the room linked to their connection with Ripple Labs.
He mentioned that it is true that Ripple is one of their investors and this opens up a perfect communication channel for them in the XRP Ledger (XRPL). Arthur added that XPMarket doesn’t make a big deal out of it and this is not because they are trying to hide anything.
However, he highlighted a reason that for a giant like Ripple, this is a relatively small move. This is simple to understand by looking at Ripple’s have got their hands in many ventures. Arthur added that not all of these investments make headlines. It would be pretty odd if we shouted this from the rooftops, wouldn’t it?
XPMarket CEO further stated that it is crucial to earn users and industry’s respect based on what we achieve, not who backs them. The team’s focus has been on delivering great results and they expect to continue to grow based on our merits. What’s next? 
Arthur mentioned that they are proactive about addressing issues about XRPL and even Ripple. He stated that we’re not just critics without cause. We speak up and push for solutions.
He suggested that it is easy to point fingers without offering a way forward, but that’s not us. XPMarket CEO assured that they are committed to making a positive impact, not just agreeing passively.
Earlier, Ripple CTO, David Schwartz stated that the idea was to get people to use payment software that *can* settle with XRP. He added then there’s no reason for them not to settle with XRP where it works best. It would be kind of silly to try to get people to use a solution where it’s inferior.
He added “Where XRP works best, we don’t want any barriers to people using it and getting the best experience. Where XRP does not work best, we don’t want people using it just to make us happy and suffering an inferior experience or worse economics.”

XPMarket executive opens up on XRPL, Ripple issue

Todayq News

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