Cryptocurrency

Fatal or destructive? XRP gets COVID-19 comparisons from Finance Expert

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Financial commentator Gary Cardone sparked a heated debate this week after accused XRP of being relevant to authoritarian power.

His statement is speculating that the European Central Bank (ECB) could use XRP Ledger to power the upcoming digital euro project. The ECB did not make a formal decision, but rumors alone were enough to inspire strong opinions.

Cardone Smalls XRP and Christine Lagarde

Cardone didn’t back down on his comments. He said XRP will “go on whatever path you need to survive”, even if it means working with “the most oppressed person on Earth.”

He called ECB President Christine Lagarde “Ms. Klinger” and claimed that she wanted to turn Europe into a “prison continent.”

Is XRP a financial Covid-19? Experts think this is

It doesn’t stop there. Cardone compared Altcoin’s role in global finance with a second wave of Covid-19. “This is the second part of the finances of Covid-19,” he revealed. He also said that supporting XRP is like voting for the “European Warmer”.

These comments ignited the fire in the XRP community and they responded quickly.

Rumors about the digital euro continuing

There is growing talk that the ECB may use blockchain technology to launch a digital euro. Some people think that the ledger is on the run. But so far, the central bank has not confirmed anything.

It hasn’t even promised a digital euro yet. The European Parliament still needs approval.

XRP-related companies Ripple held talks with central banks in countries such as Palau and Georgia. They have launched the pilot program with the help of Ripple. But that doesn’t mean the ECB is next.

Despite the lack of official support, XRP fans are still hopeful. Any participation in a central bank will bring a certain degree of legitimacy. For some, this is exciting. For others, this is a red flag.

XRP market cap currently at $133 billion. Chart: TradingView

Supporters postpone cartoon claims

Crypto influencers come back without wasting time. Robert Doyle, known online as Crypto Sensei, called the claims “false facts are wrong” and clarified that the ECB has no evidence.

Another famous voice in the crypto community, Moon Lambo, said that Cardone may have fallen for fake news. He even suggested that Cardone push the agenda, calling it “XRP Danger Syndrome”.

Moon Lambo links to the official ECB website, indicating that no platform decisions were made. He warned that careless posts damage credibility and urged Cardone to act with integrity.

Views on the role of subsidy coins in global finance

This debate shows that there is a greater division in the cryptocurrency world. Some people think working with governments and banks shows that crypto projects are useful. Others say it is a betrayal of the cryptocurrency construction – freedom from centralized control.

Featured images from Imagen, charts from TradingView

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