The Former US Treasurer Praises the Usefulness of XRP Over Other Cryptocurrencies

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The Former US Treasurer Praises the Usefulness of XRP Over Other Cryptocurrency
The Former US Treasurer Praises the Usefulness of XRP Over Other Cryptocurrency

Ripple has not enjoyed the best time in the crypto space following the regulators’ lawsuit, but they are keen on reviving their reputation. Rosie Rios, former US Treasurer, recently praised the usefulness of XRP over other coins.

Former Treasurer Under Criticism

An opinion shared by Rosie Rios, who revealed this in a recent statement on Twitter, claimed that XRP is used for cross-border payments, which differentiates it from other coins.

There has been criticism against her by a Twitter handle, who believes the praise was not genuine since the former treasurer is part of the company’s board of directors.

In a previous report by news media, The company integrated her into its board of directors in May of 2021.

Jesse Powell, CEO of Kraken exchange, has also made subtle attacks on Rios and Ripple in response to recent efforts to promote XRP.

Early this year, Powell believed that after Ripple was sued by the regulator late last year, the regulator might also come for exchange trading the coin.

XRP Continue its Bullish Move

In the past 24 hours, the price of XRP has increased more than 5%, and over the last 7days, the XRP market has been volatile. Moreover, the price has refused to break below the $1 threshold, which possesses a confluence of strong support.

XRP price has seen a significant and rapid increase in transactions in the past few days. Whales alert confirmed the movement of 30 million XRP coins worth $30 million from an unknown wallet to the Gopax exchange last week Friday.