- Ripple’s XRP is An Actual Cryptocurrency Compared to Libra – Ted Budd
- The Country’s Leadership In Term of Finance is Not Guaranteed – Mark Zuckerberg
It is yet again good news for the cryptocurrency industry as the US Republican Congressman called XRP an ‘actual crypto’ during Mark Zuckerberg’s testimony with the US Congress. The XRP community is filled with joy with the recognition. Recall this week XRP has been in the news for its several updates, development, and partnerships. Even the prominent Bitcoin Bull and Guru, Tim Draper, also spoke about the influence of the Updates and development on the price of XRP, he states that “the XRP price is about to show explosive growth.”
Ted Budd of North Carolina, a US Congressman from the Republican Party has placed XRP together with ETH and BTC terming them in the order of their market cap value. Unlike the aforementioned, the Congressman stated that Facebook’s Libra is not a cryptocurrency.
The Country’s Leadership In Term of Finance is Not Guaranteed – Mark Zuckerberg
In a recent press release, Facebook’s CEO Mark Zuckerberg states that the US may lose the financial leadership of Libra is not launched. In the testimony with the US Congress held on 24th October, Facebook’s CEO, Mark Zuckerberg was hit with tons of criticism from the US Lawmakers.
Particularly Ted Budd, a Congressman representing North Carolina who stated during the testimony that Libra is not an actual cryptocurrency, unlike XRP, BTC, and ETH. @RosesOnThaMoon on Twitter posted: “Breaking: Congress mentions #XRP! Think about how many people are listening to this comparison. #XRPcommunity #cryptopic.”
To which Mark Zuckerberg responded that unless Libra gets the right support from the US government, the country’s leadership in terms of finance is not assured. Mark’s statement is in line with the Chinese digital currency termed ‘China Coin’, that is currently being tested by China’s Central Bank (PBOC) and that is linked to Yuan.
@APompliano tweeted: “it is a great point” to Mark’s response to the Congressman which went thus: “If America doesn’t innovate, our financial leadership is not guaranteed.” Mark Zuckerberg, started that Facebook will leave the. Association should Libra Association launch without the approval of the regulatory body. He stated: “we would be forced to leave the Libra Association if it chooses to move forward without the approval of U.S. regulators.”
Several analysts have predicted a bullish trading price for XRP, a popular member of the XRP community @CryptoBull2020, tweeted that he stands by his bullish prediction on the XRP price and believes the price will hit an all-time high of $10 by the end of 2020. He went thus: “I am expecting #XRP breakout by end of October. I still think we will see a minimum of $10 by the end of 2019.”