Ripple, the US-based cross-border blockchain payments company, has been accused of fueling the FUD (Fear, Uncertainty, Doubt) energy consumption of Bitcoin (the world’s largest digital currency in terms of market capitalization). However, the company’s CEO denied these allegations, saying he was flattered.
In response to allegations against blockchain payment giant Ripple, the company’s Chief Executive Officer (CEO) Brad Garlinghouse stated that all of the allegations made against the company regarding inciting Bitcoin (BTC) FUD energy consumption have not been proven and that he denies them. He stated that these allegations were more than flattering.
He said in the tweet:
“It’s more than flattering that you think that Ripple is the puppeteer behind Elon Musk, countless scientists, governments, crypto enthusiasts, and others who set out the facts about BTC’s energy usage … we have the tools to make crypto to make 100% renewable AND use its full potential. Let’s focus on the solutions to change the minds of Janet Yellen, Bill Gates, and countless others who have raised energy concerns rather than blaming me of the FUD.”
It is more than flattering that you think that Ripple is the puppeteer behind Elon Musk, countless scientists, governments, crypto enthusiasts, and others who set out the facts about BTC’s energy use … 🤣https: //t.co/csb7bBIGxq
– Brad Garlinghouse (@bgarlinghouse) May 24, 2021
The response from Ripple’s CEO came after CoinShares Meltem Demirors Chief Security Officer (CSO) accused Ripple of being behind the flagship cryptocurrency’s energy consumption FUD.
Meanwhile, Ripple’s native digital currency, XRP, has started rising again. After falling to the $ 0.68 mark, the seventh-place digital currency is now on the verge of breaking above the major resistance level of $ 1. At the time of writing, XRP is valued at around $ 0.93 with a positive rate of change of 9.76. On the other hand, the top ranked digital currency Bitcoin is still in the bearish range.