Ethereum Founder Highlights XRP’s Centralized Nature While Acknowledging Its Crypto Status

Crypto News– Vitalik Buterin, one of the minds behind Ethereum’s inception, has once again cast a shadow over XRP, currently the fifth-largest cryptocurrency based on market capitalization. In a widely circulated video, Buterin explicitly stated that he views XRP as inherently centralized.

Ethereum Founder Highlights XRP’s Centralized Nature While Acknowledging Its Crypto Status

Buterin’s comments were made within the context of outlining specific criteria that he believes cryptocurrency projects should meet to be considered genuine participants in the industry. While discussing this, Buterin singled out IOTA and XRP as examples. Interestingly, throughout the interview, Vitalik Buterin consistently referred to XRP rather than Ripple.

I think [XRP] have not apologized for writing documents to the US government basically saying that they should be favored over Bitcoin and Ethereum because both are China controlled

Vitalik Buterin

An impactful point in Buterin’s commentary was his assertion that decentralization is not a prerequisite for all crypto projects. In support of this claim, he brought up XRP’s case, citing the fact that the project has yet to apologize for reaching out to the United States government, advocating for preferential treatment over Bitcoin and Ethereum.

In this correspondence, XRP reportedly labeled Bitcoin and Ethereum as assets under Chinese influence. These comments from Buterin have sparked a reaction from the XRP community. Prominent XRP advocate Riz.XRP, who shared the video, expressed concern over the potential repercussions of statements that could potentially undermine not only XRP but also other cryptocurrency projects beyond the realms of Bitcoin and Ethereum.