Bringing attorney Jeremy Hogan automatically lends some credibility to the project, but critics may find XRP2 as an inflationary force for acting as a perceived substitute for XRP.
XRP2, a blockchain project based on the XRP Ledger, has hired XRP-friendly attorney Jeremy Hogan as its Legal Advisor.
The project explains its very existence on Twitter: “XRP is for bank and government use. XRP2 is for peer to peer and general public transaction and spending”.
XRP2 derives its name from the XRP Ledger, which is the open source blockchain developed by Ripple co-founders and powers the original XRP, whose nature may currently be in dispute in the SEC v. Ripple lawsuit.
The new blockchain project, however, has all cards on the table as it even considers a complete fork of the XRP Ledger.
“When we have a full team we will be looking a running nodes, validators, side chains or even a complete fork of the XRPL. Until then we don’t or won’t pretend that’s what we’re doing because we aren’t. When we have our full team we will explore everything to be the best we can”.
Bringing attorney Jeremy Hogan automatically lends some credibility to the project. At least, that’s what the project founders are hoping for.
“And Just like that. The project becomes real and we have proved ourselves. We’ve actually worked/working with Jeremy on another project so he knows that this is also a real project.”
Hogan also commented on the appointment: “Happy to have been retained as U.S. legal counsel for the XRP2 project. Yes, I do sometimes do more than Tweet and make YouTube videos. :)”
Jeremy Hogan has become famous ever since the SEC filed the lawsuit against Ripple. The attorney analyzed and still analyzes the legal process and potential outcomes of the court case in his Youtube channel. He is also a very active member of the XRP community.
His understanding of the law and popularity within the community may benefit XRP2 at this early stage as the project isn’t even underway, but it remains to be seen if XRP2 will be able to succeed in its mission.
“As you probably well know XRP is designed and exists for the bank/government/cross border remittances market, we are going for peer to peer and normal people spending market…we are built on the XRPL and are as fast and as cheap to send as XRP”, the co-founders stated on Twitter.
XRP, however, is already used for consumer payments across the globe. That much has been proven throughout the years as XRP holders use the digital asset for all kinds of spending, staking, and transfers.
Critics may find XRP2 as an inflationary force for acting as a perceived substitute for XRP.
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