These XRP email exchanges of Jeffrey Epstein, which were only just recently discovered, are being closely examined, as they show how early crypto-insiders viewed XRP and Ripple’s cross-border payment system. These emails are accompanied by leaked discussions on the Mojaloop XRP assessment, including technical comparisons between Ripple networks and Stellar. As these reports were being written, they highlighted the Ripple early adoption problems, Ripple vs Stellar discussions, and that the idea of XRP Cross Border Payments was seen as a problem by Bitcoin-aligned Investors.
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Ripple vs Stellar: Early XRP Networks during the Epstein Era
Ripple Industry Backlash
Ripple Rides the Wave of Industry Resistance. Austin Hill warned Jeffrey Epstein, Blockstream’s co-founder, and other Blockstream stakeholders against supporting Ripple, Stellar or Bitcoin. Hill wrote in an email dated July 31, 2014 that this would lead to conflicts. He said that sponsoring more than one horse to compete in the same event would cause reputational issues and strategic difficulties. The traders have been reading this in the Jeffrey Epstein correspondence about XRP.
What was it? David Schwartz said:
“This is an email from Austin Hill to Jeffrey Epstein explaining that Hill felt that support for Ripple or Stellar made someone an enemy/opponent. It seems quite likely that Hill and others expressed similar views to many other people.”
Mojaloop XRP Comparisons and Assessment
Myrle Krantz, in emails of the Mojaloop Foundation that were leaked to the public, referred Mojaloop as an alternative Ripple with Stellar having a high overlap. He highlighted push payments, real-time settlement and other innovations as the primary ones. However, he found it difficult to integrate with Fineract. The messages illustrate how the XRP model for cross-border payment was compared to other networks. These messages also showed how adoption played a key role.
Adoption Issues and their Market Impact
Combining the email and Mojaloop test results, we can conclude that early Ripple adoption was hindered by a lack of network trust and interoperability among developers and investors. Ripple’s and Stellar’s push-payment system was technically promising, but also disruptive. Jeffrey Epstein’s XRP emails, according to traders, marked a realisation of Ripple’s strategic importance. However, it was unclear whether they were directly involved.
David Schwartz repeated this:
“It seems quite likely that Hill and others expressed similar views to many other people.”
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Source: watcher.guru
