Renowned international magazine Forbes recently published a critical report on XRP and Ripple Labs, describing both entities as good-for-nothing and zombie projects. Notably, the analysis concerned crypto projects with billion-dollar valuations, especially as Bitcoin has ushered in a buoyant market once again. - Advertisement -Forbes claimed Ripple’s leadership engineered 100 billion XRP tokens and sold $1.4 billion worth to the public to finance their grand ambition. In parallel, the report pointed out the popular expectation that Ripple will surpass SWIFT, which processes $5 trillion in interbank transfers daily. Meanwhile, Ripple and XRP are not the only projects Forbes described as “zombies” and “good for nothing.” It extended this characterization to numerous blockchain projects.

Source: Forbes June 08, 2024 11:10 UTC