John Deaton Optimistic That XRP Will Break Ties With Ripple Soon
John E Deaton, a pro-cryptocurrency lawyer, shared in an X post yesterday that he looks forward to the day when XRP is able to establish an identity of itself, apart from Ripple. This was a response to a video created by Coin Bureau, wherein Guy revealed that “Ripple’s XRP” is a newly-added payment method within Roblox – a leading gaming platform.
It will be cool when XRP is only referenced as XRP, instead of “@Ripple’s XRP.” To be fair to Guy, Ripple does own a lot of XRP, although it is now under 50%. I don’t believe Ripple had anything to do with this announcement or the integration so, maybe one day, the reporting will… https://t.co/FeDawtknZr
— John E Deaton (@JohnEDeaton1) October 17, 2023
Deaton did, however, mention that Ripple does currently hold a large amount of XRP tokens. Therefore, he does not blame Guy for referring to the altcoin as “Ripple’s XRP”. Nevertheless, the lawyer remains optimistic towards XRP breaking its link to Ripple given the fact that Ripple’s holdings have reduced to less than half of the altcoin’s supply.
Recently, Roblox, a gaming giant that boasts over 200 million active monthly users, made headwaves in the cryptocurrency space after announcing its acceptance of XRP as a new payment method. This was made official when BitPay, a renowned blockchain payment platform unveiled their partnership with Roblox.
Roblox’s extensive user base spans across all mainstream platforms, including Windows, macOS, Android, iOS, Xbox One and PlayStation 4. With a staggering 65.5 million daily active users, the platform has become a global phenomenon. Moreover, Roblox users collectively spent more than $700 million on in-game purchases in the first quarter of this year alone.
Given the reputation of Robolox and BitPay within their respective industries, it is no wonder that Guy from Coin Bureau, believes that this latest development may positively impact XRP’s price. This positive news has not yet carried over to the altcoin’s price, according to data from CoinMarketCap.
At press time, the cryptocurrency market tracking website indicated that XRP suffered a 24-hour loss of 0.10%. Consequently, the remittance token was changing hands at $0.4904. Despite the latest drop in price, the cryptocurrency’s weekly performance remained in the green at +0.74%.
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