#Ripple – #Samsung Baltic move invalidates the FUD that #XRP is a security

July 22, 2018

 

Ripple: Yesterday, news emerged that Samsung was now accepting cryptocurrencies as payments in 3 Baltic States. The cryptos that they will be accepting include Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Litecoin (LTC), Steam, Dash and NEM.  One crypto that stands out among these is XRP (XRP). It stands out because XRP has been the subject of FUD lately, with some claiming that it is not a true cryptocurrency. However, the fact that Samsung is accepting it as a “crypto payment” is a good signal that most of this FUD is baseless. If indeed XRP (XRP) was not a crypto, Samsung would most likely not touch it. This is a world leading company that has some of the best minds in tech working for it. As such, before they chose to accept it as a form of cryptocurrency payment, chances are that they had researched on it, simulated different models with different outcomes, and come to the conclusion that XRP (XRP) indeed meets the requirements of a crypto that can be used alongside the likes of Bitcoin (BTC) and Litecoin (LTC). Ripple is the 3rd largest cryptocurrency by market cap size. It is down 1.44% over the past 24 hours and is currently trading at $0.449084. It can be bought with fiat dollars, credit cards, or debit cards on cryptocurrency exchanges such as CEX.io and Changelly.

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