Legal Expert Slams Chainlink and XRP Comparison
Main Idea
Legal expert Bill Morgan critiques a comparison between XRP and Chainlink, emphasizing XRP's technological advancements, liquidity, and expanding market utility beyond Ripple's involvement.
Key Points
1. Bill Morgan argues that XRP's value should not be solely defined by Ripple's involvement or its initial use in cross-border payments.
2. He highlights the XRP Ledger's (XRPL) development, including its advanced decentralized exchange and EVM-compatible sidechain.
3. Morgan notes XRP's liquidity advantages and its consistent position in the top ten cryptocurrencies by market capitalization.
4. He points out XRP's growing demand in futures, spot ETFs, and institutional treasury management, indicating broader utility.
5. The article mentions Morgan's critique of oversimplifying XRP as a 'banker’s coin,' which ignores its evolving market role.
Description
A recent comparison between XRP and Chainlink prompted a response from Bill Morgan, a legal expert and prominent voice in the XRP community. While Chainlink’s technology has gained recognition for its role in connecting smart contracts to real-world data, Morgan pushed back against claims positioning Chainlink as the superior asset of the two. His critique challenges the criteria used to assess XRP’s value and relevance in the current crypto landscape. Morgan took issue with what he saw as a nar...
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