Ripple has to respond to the amended complaint that claims ‘XRP is a security’

By CryptoTapas.com

Crypto Research Report references Jason Bloomberg’s comment from Forbes, which reads: “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

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