Express

Prominent Trader Sees No Value In Ripple And XRP

Ramsey Baker

Summary: Despite Ripple’s recent $200 million dollar funding round making the company a $10 billion blockchain giant, one prominent trader still believes the San Franciso-based firm has no value. Tone Vays, a former Wall Street trader and vice president of JP Morgan Chase, chastised Ripple for killing the value of the XRP virtual currency.  Vays said ...

Despite Ripple’s recent $200 million dollar funding round making the company a $10 billion blockchain giant, one prominent trader still believes the San Franciso-based firm has no value.

Tone Vays, a former Wall Street trader and vice president of JP Morgan Chase, chastised Ripple for killing the value of the XRP virtual currency.  Vays said that Ripple is actively selling their tokens to continue to fund their operations and since they were launched illegally, they have a “ridiculous financial advantage” over those companies generating their operational liquidity through legal means.

By Ramsey Baker

Last Update:

Tags: ,,,,
Link: Prominent Trader Sees No Value In Ripple And XRP   [Copy]
Next:

Related Articles

  • Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 4 days ago
  • Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 5 days ago
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 11 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 17 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 20 days ago

    • You need to login to comment.