Does the Grandiose Debate on the Differences Between Ripple and XRP Actually Matter?
There are those that scoff at the idea that “Ripple” and “XRP” can be used interchangeably. Supporters of the difference believe that they should be used separately because they are different. However, others believe that calling one the other does not matter. Rather, it is perfectly fine and normal.
Those in the latter group believe take the position that even though having a piece of Ripple does not mean that one has Ripple Labs too, but the former group does not think anyone would make that kind of stance because it simply is not logical. At the end of the day, the two are similar enough that they can be called one and the same.
Those against using the two terms interchangeably also note that they believe that banks will pick XRP for international money transfers, not Ripple. As a result, XRP will be able to carve its way in the financial world that justifies differentiating it from Ripple. At this point though, that is just a belief – there is no indication that financial institutions are actually going in this direction. Further, there are financial institutions that may be adopting Ripple as well, which further justifies using the two together.
Another quality that justifies using the two terms interchangeably is that XRP’s viability is dependent upon the survival of Ripple Labs. If Ripple Labs ceases to exist, so will XRP because of Ripple Labs funds and guarantees of CRP’s protocol. Therefore, while anyone can call XRP and Ripple separately or together, there really should not be criticized for those who choose to refer to them interchangeably. After all, there are a number of reasons as to why the two can be referred to in such a manner.