By cryptoresearch.report
“At its core, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency (crypto).”
Jason Bloomberg, Forbes.com
“Look more closely, however, and most such companies are ‘partners,’ not customers – 
and to make matters worse, Ripple pays companies to become partners. Ripple calls this arrangement the RippleNet Accelerator Program. Where, then, does the money for these rewards come from? “The RippleNet Accelerator Program is funded by $300 million of XRP from Ripple’s XRP holdings,” the post continues. In other words, Ripple is using its share of its free XRP tokens to build the illusion it has paying customers – when in fact Ripple is paying them, not the other way around.”
Jason Bloomberg, Forbes.com
“Maintaining liquidity in XRP doesn’t solve the core problem with money transfers from countries with more stable currencies to those with less stable ones, as such transfers generally go only one way. For example, for a financial services firm to handle payments from the US to Guatemala, it would need to have liquidity in Guatemalan Quetzals in order to disburse payments. Liquidity in XRP would be useless.”
Jason Bloomberg, Forbes.com
