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Apple’s Alleged $1.5 Billion XRP Buy: Truth or Total Fiction?

TL;DR

  • The cryptocurrency group, other than all of its optimistic sides, typically publishes numerous predictions and makes large claims, lots of which develop into fully false.
  • A preferred X consumer now claims that there are “robust rumors” Apple will announce an enormous crypto buy in the present day – and it’s XRP.

The rumor was began from an account with over 45,000 followers on X, which is why we even thought-about publishing this, because it sounds only a tad far-fetched. Even Cobb, one of the vital vocal XRP supporters on X, mocked these rumors, evaluating them to ghosts.

Let’s have a look at this objectively. Apple has proven little to no real interest in the cryptocurrency trade up to now. In truth, it even had some iOS restrictions that used to ban in-app purchases involving any digital belongings.

Yes, it did elevate these earlier this yr, and plenty of trade individuals thought it was an enormous bullish transfer. However, lifting restrictions that the competitors didn’t have is nowhere close to as vital as a transfer like spending billions of {dollars} to accumulate a sure digital asset.

But, let’s say that the corporate has determined to pivot from its ‘ignore crypto’ technique and desires to observe the instance set by many smaller companies and begin a digital asset reserve. Apple just isn’t recognized for making daring, speculative, and unpredictable strikes up to now decade or so – why would it not select XRP as a substitute of BTC or even ETH?

Bitcoin has established itself as a trillion-dollar commodity and is even competing with Apple (shedding, for now) when it comes to largest international belongings by market cap. It has been adopted by quite a few corporations, in addition to a couple of governments. Even the US authorities are much more supportive through the present administration than up to now.

Anyway, these XRP rumors seem as nothing extra than simply that, for the second no less than, and we shall be surprised if Apple certainly declares such large acquisition… particularly as early as in the present day.

The submit Apple’s Alleged $1.5 Billion XRP Buy: Truth or Total Fiction? appeared first on CryptoPotato.

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