A recent post from Litecoin's official account on X drew attention with its sharp tone and comparison of XRP to a comet producing an unpleasant smell. Let's consider the main points of Litecoin's criticism and the arguments of XRP supporters.
Criticism from Litecoin
In its post, Litecoin mocked XRP, calling it an "illusion" and asserting that its value was based on manufactured scarcity and speculation rather than actual utility. In particular, it stated that investors had been misled regarding its application in the global banking sector.
Litecoin also criticized Ripple's CEO Brad Garlinghouse, suggesting unprofessional relationships between him and President Donald Trump.
Arguments for XRP
Despite Litecoin's criticism, XRP supporters point to Ripple's documented partnerships with many financial institutions worldwide. Ripple's On-Demand Liquidity product, which uses XRP, has been adopted in various corridors around the globe.
While XRP has not replaced SWIFT, it has demonstrated utility in facilitating instant transactions across borders. Many experts predict that XRP could capture a significant portion of the SWIFT market.
Community Reaction
Many members of the XRP community viewed Litecoin's stance as unprofessional. Some called for potential legal action against Litecoin for its harsh statements. This situation highlights the existing tensions between different cryptocurrency projects.
The debate between Litecoin and XRP highlights tensions within the cryptocurrency community. Despite the critique, XRP continues to promote its role as a transaction medium. The future of these tokens and their interaction with traditional financial instruments will remain a focal point of discussion.
