According to the English newspaper Express , in this post appeared today on their website, it is reported that Erik Vorhees, CEO of ShapeShift, a cryptocurrency exchange, said about Ripple: “The reason ripple is surging so much is it’s a bubble. Testing crypto with banks doesn’t make sense. The whole idea of crypto is you don’t need banks.”
He and some other crypto experts think that this centralization with banks is antithetical to the decentralized and unregulated nature of cryptocurrencies. But these experts do not take into account that Ripple wants to use its own technology and cryptocurrency to provide banks with sensible fee reductions and speed up the transactions in a matter of seconds. XRP does not propose itself as a substitute for bitcoins, but finds a solution to a problem that concerns another financial category, but also accessible to single people.