Ripple, the US-based blockchain cross-border payments company, has been accused of increasing the energy consumption of FUD (Fear, Uncertainty, Doubt) of Bitcoin (the world’s largest digital currency by market capitalization). However, the company’s CEO denied these allegations on the grounds that he was flattered.
In a response to allegations against blockchain payments giant Ripple, the company’s Chief Executive Officer (CEO) Brad Garlinghouse stated that all of these allegations against the company regarding inciting Bitcoin (BTC) FUD energy consumption are unfounded and that he is denies. He stated that these allegations were more than flattering.
He said in the Tweet::
“It is more than flattering that you believe Ripple is the puppet master behind Elon Musk, countless scientists, governments, crypto enthusiasts, and others who have set out the facts about BTC’s energy use. We have the tools to make crypto 100% renewable AND reach its full potential. Let’s focus on the solutions to change the minds of Janet Yellen, Bill Gates, and countless others who raised energy concerns rather than blaming me of the FUD.”
It is more than flattering that you think Ripple is the puppet master behind Elon Musk, countless scientists, governments, crypto enthusiasts, and others who have set out the facts about BTC’s energy use. 🤣https: //t.co/csb7bBIGxq
– Brad Garlinghouse (@bgarlinghouse) May 24, 2021
Ripple’s CEO response came after CoinShares Meltem Demirors Chief Security Officer (CSO) accused Ripple of being behind the flagship cryptocurrency’s energy consumption FUD.
In the meantime, XRP, Ripple’s native digital currency, has risen again. After falling to the $ 0.68 mark, the seventh digital currency is on the verge of breaking the key resistance level of $ 1. At the time of writing, XRP is valued at around $ 0.93 with a positive rate of change of 9.76. On the flip side, the top digital currency Bitcoin is still in the bearish zone.