On the November 5 podcast for Lend Academy, RippleNet CEO Ashish Birla described Bitcoin (BTC) as a “somewhat innovative alternative to gold,” but added that 2020 showed that there is room for many tokens in the crypto space. …

Birla, in his opinion, said that Bitcoin did not “go” for payments, and since different projects have different uses, the overwhelming dominance of currencies is no longer a defense:

“I think the days when people thought it was going to be just Bitcoin I think are over. I think it’s clear that there will be a lot of digital assets, and there will be a lot of traditional assets that have been coded as digital assets.

RippleNet GM made comments when the XRP was around $ 0.25. It has tripled since then, rising to $ 0.92 last week and then falling 30% midway through the broader market.

Despite the lack of movement in XRP at the time, Birla added that he was optimistic about the space for cryptocurrencies, which has been hot again since the 2018 crash.

He said, “I don’t think the traditional venture capitalists are as interested as they were in 2017.” “But in my opinion, I am very happy when it comes to innovation in space.”

Ripple co-founder Chris Larsen and CEO Brad Garlinghouse recently expressed their frustration at the lack of clarity about Ripple in the US. Last month, SBI Holding CEO and Ripple Board Member Yoshitaka Kitao said blockchain-based payments could consider moving the headquarters to Japan. Larsen believes the United States government has a “coercive regulation” policy and is “upset” as he prepares for the next generation of the global financial system based on cryptocurrency.

At time of publication, XRP is at $ 0.61 after dropping 3% in the last 24 hours.

Source: CoinTelegraph