Ripple, the well-known cross-border payment remittance firm, has recently made a controversial move by dropping XRP from its Liquidity Hub product. This decision has alarmed the XRP community, who speculate that it could be due to the company’s expectation of a win for the SEC in the ongoing lawsuit against Ripple.
The Liquidity Hub is a platform that Ripple has built specifically to cater to the needs of large corporations and enterprises. However, the recent announcement that XRP will no longer be supported by the platform has left many holders of the cryptocurrency worried and confused.
In response to these concerns, Ripple issued an explanation stating that XRP would be evaluated with other tokens once there is regulatory clarity. This explanation has not satisfied many members of the XRP Army, who believe that Ripple is expecting a loss in the SEC’s lawsuit against the company.
The move has raised many questions about Ripple’s future plans and strategy. Some have speculated that the company may be looking to distance itself from XRP in anticipation of more regulatory scrutiny or simply trying to pivot to a different focus.
Whatever the reasoning behind Ripple’s decision, it is clear that the move has caused significant disruption and uncertainty for XRP holders and the wider cryptocurrency community. Only time will tell how this decision will affect the future of Ripple and the broader crypto market.
Ripple launches Liquidity Hub to provide businesses with easy access to crypto liquidity