Using a sneaky combination of fake news and FUD, one Finland-based cryptocurrency exchange is attempting to tear down Ripple. The popular up and coming crypto is giving leading coins like BTC and ETH a run for its money. Yet, many are saying Europe is not ready for XRP adoption.
FINLAND EXCHANGE ADDS RIPPLE; SECRETLY HATES XRP
At first glance, the fact that Finland based crypto exchange Coinmotion added XRP to their platform seems like good news. After all, this liquid coin is increasingly popular amongst crypto investors and beloved by the community on the whole. However, there might be a different story lurking beneath these positive headlines. Coinmotion released a blog post coinciding with this announcement saying “XRP is a Centralized Virtual Currency”. The article was immediately attacked by many XRP followers as being “fake news.”
FINLAND EXCHANGE TRIES TO DETER XRP INVESTMENT
For anyone that has followed Ripple, they know that the organization has explained countless times that their coin is not centralized. Therefore, the title of Coinmotion’s blog post is very misleading. Furthermore, Coinmotion is even deterring its own users from XRP investment because it can “sometimes be confusing.” Now, many of you at home are probably wondering why an exchange would sabotage its own announcement in such a manner. It’s a great question and one that has many people would love an answer to. Some of the more extreme Ripple supporters believe this is all a ploy to decrease hype in the European region and make way for a soon to be announced coin.
WHAT IS THE TRUTH ABOUT RIPPLE (XRP)?
Is Ripple a risky investment? All cryptos are technically risky but compared to some altcoins, XRP is one of the best out there. Major financial institutions have already taken an interest and investing in XRP as have many crypto enthusiasts. It is a great investment that will pay off down the road but if you need cash for your XRP now, then go visit YouHodler. USing XRP as collateral, you can receive a near instant fiat/USDT loan directly to your bank account.
With loan to value ratio’s as high as 80% and a variety of different loan terms, this platform is ideal for HODLers who need money know but don’t want to sell their favorite crypto assets. Visit them today to hedge your portfolio in this bear market and protect your investments.