Crypto Trader Tone Vays Calls Out XRP as Fraudulent

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Ripple’s XRP has stirred its fair share of controversy in the crypto space. Now, the third-largest cryptocurrency by market cap and serious competitor to bitcoin is being labeled a “scam” by one of the industry’s leading analysts. Is Ripple’s XRP Not What It Says It Is? It’s unusual to see figures of such prominence turn on coins like this. Ripple, while rattling the cages here and there, still has its fair share of popularity. Not long ago, Coinbase Pro – the division of Coinbase designed for professional traders and crypto sellers – announced that it was adding XRP to its growing list of currencies available for purchase. This was unusual given Ripple’s history. The currency has long been labeled a non-security, which has made a few people raise an eyebrow here and there. For one thing, Ripple is not necessarily a decentralized cryptocurrency given that more than half (50 percent)…

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