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XRP Classic [XRPC]: A new coin has surfaced on Twitter and major cryptocurrency ranking website CoinMarketCap

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XRP Classic [XRPC]: A new coin has surfaced on Twitter and major cryptocurrency ranking website CoinMarketCap
Source: Unsplash

XRP Classic aka XRPC is a new coin that has surfaced on Twitter and other cryptocurrency ranking websites and the community considers this new coin a scam.

XRP community is a tightly knit community with some staunch believers. It has come together to report this ‘copy-cat’ of XRP, XRP Classic. The new coin has the same logo as Ripple but Orange in color and is being called “XRP Classic”.

CoinMarketCap, a very famous website that is being used by millions of people around the world has also listed this coin on their website. However, the market cap of this coin and circulating supply is not yet mentioned but it was trading at $0.000001, at the time of writing. As per a report by The Daily Hodl, it is an ERC20 token.

The coin is also listed on Coingecko, another cryptocurrency ranking website. The website mentions that XRPC is listed on three exchanges viz., Mercatox via trade pair XRPC/USDT, EtherFlyer via trade pair XRPC/ETH, and Token Store via trade pair XRPC/ETH and the total trading volume for XRPC was a mere $198.52, at the time of writing.

The so-called ‘Whitepaper’ of XRP Classic gives out a very non-professional look. Their “Mission Statement” is filled with mistakes and it has symbols that don’t fit in.

The XRP community on Twitter was quick to notice this coin as @Alexcryptox tweeted on January 14 saying:



“WHAT SCAM IS XRPCLASSIC AND WHY IS COINMARKET CAP LISTING IT!!!
RETWEET WIDELY!
This is a prime example of why we need regulation to save people from this!”

A Twitter user @AndrewTPCB tweeted:

“Please support my cryptocurrency #xrpclassic
We will soon be at 2usd in price.
#XRPCOMMUNITY
xrpclassic.io”

@cryptovonripple commented:

“Wow! Blatantly Scamming folks as if it ain’t no thang… Welcome to Crypto Twitter folks
THERE IS AND WILL ONLY EVER BE ONLY ONE #XRP – Not even Stellar Lumens (#XLM) could make a decent Copy”





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

XRP

XRP: XRP Tip Bot creator reveals plans to get European banking licence; nicknames it ‘legacy network’

Akash Anand

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XRP: XRP tipbot creator reveals plans to get European banking licence, nicknames it 'legacy network'
Source: Pixabay

A vast majority of cryptocurrency organizations have been trying to integrate digital assets with the existing financial system. Ripple has been a prime example of this process, with the Brad Garlinghouse-led company announcing multiple partnerships with mainstream banks and other fiat-enabled bodies. Ripple’s affiliation with XRP, the third largest cryptocurrency in the market, is also reflected in XRP’s focus on cross-border transactions and creating an easy global payments system.

Wietse Wind, Creator of the XRP Tip Bot, gave another major push to XRP’s cause after he revealed that he was trying to obtain a banking license for XRP Tip Bot, which will make it mainstream in the world of finance. During a recent XRP meetup, Wind said,

“There’s been a lot of FUD around XRP and Ripple and such and we want to show that we are working towards something really awesome and useful. We are planning to get real licenses for tipbot so that we go mainstream. Granted we are still in the early stage but we are doing our very best to make it happen. Our next step is to get a European banking license and maybe call it the ‘legacy network’. Let’s see where we can get in a few years.”

The news spread like wildfire in the XRP community and a majority of the ‘XRP army’ could not contain its excitement. Tiffany Hayden, a popular XRP proponent, tweeted,



“The BIG news from yesterday’s $XRP meetup is that @WietseWind is in the process of obtaining a banking license for @[email protected] is going to bridge the legacy network! Don’t fight the old, build the new!”

Ripple’s technologies have been slowly but surely getting nods from institutions, as shown by Bitstamp, an xRapid payments-facilitated exchange getting a BitLicense from the New York Department of Financial Services [DFS].

Linda A. Lacewell, Acting Financial Services Superintendent of New York State Department of Financial Services [DFS] had said,

“We are pleased to welcome Bitstamp to New York’s growing virtual currency marketplace. A regulated industry protects customers while supporting innovation and ensuring our financial services sector is a vibrant part of New York’s economy.”





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