Former US Treasurer, John McCabe, said that XRP is for payments and Bitcoin for’speculation’

Rosa Rios, who joined Ripple’s board in May, is shaming Bitcoin as a speculative tool. In the midst of ongoing legal battle between Ripple, United States’ securities regulators and Ripple, Rosa Rios, a former U.S. Treasurer, has spoken out in support of XRP. She also criticizes other cryptocurrencies such Bitcoin (BTC) and said that countries like China are now crackingdown on Bitcoin. This is what China’s latest move proves.” Rios was the U.S. Treasurer from 2009 to 2016. He oversees all currency and coin production activities with an annual budget of $5 billion. This is evident in China’s latest move. Rios was the U.S. Treasurer between 2009 and 2016. He had an annual budget of $5 million and overseen all currency and coin production activities. Ripple is a distributed open source protocol and remittance platform created by Ripple Labs in 2012. Rios stated that there is still much to learn about cryptos and how they work. Ripple is involved in a variety of cross-border payment solutions and central bank digital currency projects. Chris Larsen, co-founder of Ripple, stated earlier this year that Bitcoin’s leadership position as the most valuable cryptocurrency would be lost if it didn’t abandon its proof-of work consensus mechanism.

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