Aside from a dozen lawsuits and a few XRP price drops, Ripple has had quite the year. And big things continue to stir. One CEO has even likened Ripple to Microsoft. But is that an accurate comparison?
Ripple and Microsoft: Two Peas in a Pod?
This week, we’ve seen a few headlines about the company behind XRP. While the news of xRapid expanding into commercial production with RippleNet made waves on Tuesday, it’s the headlines from the day before that caught people’s attention, including mine.
On Monday, October 1st, Phillip Nunn, who is the CEO of The Blackmore Group and Wealth Chain Group, called Ripple “the Microsoft of crypto.” A bold statement, but is it true? In Nunn’s mind, it is; which is interesting, considering the CEO even said he hasn’t ever “been a supporter of Ripple.”
But, when there’s visible progress, we need to put aside our issues and recognize what’s happening. That’s precisely what Nunn is doing, tweeting that he is putting aside his problems with Ripple’s offering “as they become so important in flying the #crypto #blockchain flag.”
They will be come the Microsoft of #crypto
— Phillip Nunn 🚀 (@PhillipNunnUK) October 2, 2018
According to Nunn, there are “similarities to Microsoft’s place within the advent of the internet.” He also said “the next wave of crypto” is about adoption, and “XRP and Ripple are getting into all the banks and positioning themselves.”
How’s XRP Doing Today?
Nunn’s optimism around XRP and the company behind it was not enough to send the altcoin in the green, nor was yesterday’s news about xRapid and RippleNet. But, that might not be Ripple’s fault, considering all of the top-ten coins on CoinMarketCap are currently trading in the red.
At press time, according to CoinMarketCap, XRP is trading at $0.527248, which puts the altcoin down 4.48% in the past twenty-four hours.
What do you think about Nunn’s claim that Ripple is becoming the new Microsoft? Do you see similarities? Let us know what you think in the comments below!
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