XRP Could Be Coming to Crypto-Asset Lender BlockFi After Grabbing 55% Of Twitter Votes


  • XRP Community: “Don't be like Bitwala”
  • More exposure in India, Latin America & to institutions

Cryptocurrency lending company BlockFi could soon add the third-largest cryptocurrency XRP to the list of crypto assets it offers investors to earn interest on.

This is the result of the company polling for the next crypto asset to add on its platform. There were four options for the cryptocurrency community to pick from, Litecoin, USDC, Bitcoin Cash, and XRP.

Almost 13,000 Twitter accounts voted for the poll and XRP emerged as the clear winner with the majority of the votes that is 55%. Litecoin (LTC) came a close second with 34% votes.

USDC and Bitcoin Cash (BCH) received merely 6 and 5% votes respectively.

This clearly means XRP will join Bitcoin (BTC), Ether (ETH), and Gemini Dollar (GUSD) allowing BlockFi clients to earn interest up to 8.6% (compounded annually and subject to change) on any amount of the digital asset.

XRP Community: “Don't be like Bitwala”

Despite XRP’s win, the XRP community is a bit skeptical as a Twitter user named XRP Research Center pointed out how back in February this year, Bitwala, a blockchain banking service conducted a similar poll on Twitter.

XRP won that poll for the next crypto asset for Bitwala to support with a whopping 85% votes, out of the total 11,564 votes. But they never added the digital asset.

It further pointed out how Bitwala also liked a tweet suggesting that XRP won the poll by using bots.

More Exposure in India, Latin America & to Institutions

This addition, however, would provide more exposure to XRP as recently, the secured non-bank lender also announced that it will offer the US dollar loans to institutions as well. The firm introduced BlockFi Institutional Services, an enterprise-grade financial solution for funds, exchanges, family offices, and market makers.

In Sept. the company expanded its services to India and is planning to enter Latin America where Flori Marquez, co-founder and VP of operations said, “banking services and credit reporting are limited.” BlockFi will be making wealth management products on “a much broader scale.”

Meanwhile, XRP is currently trading $0.260 with 24 hours loss of 3.21%, as per Coincodex.

Ripple (XRP) Live Price

1 XRP/USD =$0.2464 change ~ 2.46%

Coin Market Cap

$10.67 Billion

24 Hour Volume

$186.84 Million

24 Hour VWAP

$0

24 Hour Change

$0.01

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