Earlier today, Visa Installment’s product head and former employee of Ripple, Josh Giersch, criticized Max Keiser for his problematic stance on XRP. On September 24, Keiser, who is the Bitcoin advisor to El Salvador’s president, claimed that XRP is centralized, triggering a range of reactions from the Ripple community on X (formerly known as Twitter).
Keiser’s an industrial-grade crank, I shouldn’t have expected any better from him, lol
— Josh Giersch 🏳️🌈 (@joshgiersch) September 27, 2023
While Giersch was initially confused if the claim came from Keiser’s original account or a fan account, Ripple’s CTO David Schwartz clarified that it was indeed the “real Max Keiser.” Keiser’s opinion was based on a US patent discussing a collaborative system comprising many interconnected personal computers, authored by Schwartz, dating back to 1991.
As a response, the CTO noted,
This is such an incredibly stupid argument I have no idea how I could possibly respond to it other than to laugh.
The patent was initially brought to light by a notable XRP advocate, EDO Farina, who added that he wouldn’t be surprised if the senior leadership at Ripple was involved in testing Bitcoin as a precursor to the introduction of XRP.
Moreover, Farinaa predicted that the “next black swan event is the #ETH downfall.” He also mentioned the decline of all ERC-20 tokens, while implying that Stellar and the XRP Ledger are well-prepared to take on real-world use cases.
Recently, XRP has made headlines once again after HSBC announced a partnership with the blockchain-based payments processor FCF Pay, enabling HSBC customers to settle their mortgage payments and loans using crypto, including XRP, Bitcoin, Ethereum, Binance Coin, Doge, and Shiba Inu.
The payments are set to be processed within two days, with a 2% fee on the bill along with an extra $3 charge added by FCF Pay. However, the service is currently exclusive to residents of the United States. Nevertheless, expansion plans are already in place.
