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Tone Vays hits at XRP with a targeted query

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Saloni Sheelwant
Hi, I'm Saloni Sheelwant and I like to read and write about life and its experiences. The world is full of magic and beauty which is now combined with vast forces of technology. I love to research and write about the new startups and technologies thriving into the lives of this generation at a very fast pace.

Tone Vays took crypto enthusiasts on a spree seeking clarification on the reason why XRP is accepted for payments. The Derivatives trader expressed his dismay on Twitter, which gained attention in no time. Where some users pitched in to defend the token, others jumped in to mock Vays.

In his inquiry, Tone asked if XRP is qualified as a currency. The users came buzzing with replies reciting the traits of the token. XRP is qualified as a medium of exchange similar to other currencies and can also aid micro-payments. The coin can, as well, act as a base currency for faster and more secure cross-border transactions. MoneyGram and several major financial institutions express interest in adopting the token for the same purpose.

Moving forward, Tone Vays sarcastically accuses if XRP’s objective is to mirror Facebook’s Libra. A user responded to clear the query, highlighting the token’s adherence to the legal regulations over its six-year development period.

Since its inception, XRP has managed to stay out of trouble. Moreover, Libra is currently caged under regulatory scrutiny, which is fueling the enigma of its launch.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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