Arincen - A heated dispute has erupted between the Bitcoin community and Ripple over the latter’s proposal to create a strategic cryptocurrency reserve in the United States that would include several currencies, including “XRP,” in addition to Bitcoin. While Ripple CEO Brad Garlinghouse defends the idea of a diversified reserve, Bitcoin supporters insist that the reserve should be limited to the first digital currency only.
Many members of the Bitcoin community have described Ripple as the “major obstacle” to creating a strategic reserve dedicated to Bitcoin, noting that the company’s support for integrating other currencies contradicts Bitcoin’s principles as an independent, decentralized currency.
They also pointed out that Ripple's support for central bank digital currencies (CBDCs) goes against the philosophy of financial freedom that Bitcoin represents.
For its part, Ripple stressed that its efforts to support a diversified reserve will increase the possibility of creating a strategic reserve for cryptocurrencies, noting the importance of having multiple assets in the US reserve. This escalating debate reflects a deep division in the cryptocurrency community about the future of digital financial policy in the United States.
