Wednesday, August 10, 2022
Home Crypto News Market Attorney John Deaton Indirectly Highlights Ripple’s (XRP) Superiority Over Bitcoin (BTC) in...

Attorney John Deaton Indirectly Highlights Ripple’s (XRP) Superiority Over Bitcoin (BTC) in Payments 

- Advertisement -
Follow-Us-On-Google-News

The Amici Curiae attorney reiterates Ripple’s payment capabilities. 


Attorney John Deaton has once again buttressed Ripple’s (XRP) prowess in payments using a recent event that occurred at his company, the Deaton Law Firm. 

Deaton said his law firm recently hired two lawyers who would work for him as independent contractors in crypto. After the necessary negotiations, he chose to pay them for their services using digital currencies.  

According to Deaton, one of the lawyers has an account on Coinbase, and he had to pay him in Bitcoin (BTC). The other lawyer had an Uphold account and he was paid in Ripple (XRP) for his service. 

While one of the lawyers has already received the funds in his account, the other lawyer is still waiting for confirmation, Deaton added. 

Deaton Indirectly Shades BTC

Although Deaton did not state which lawyer is still waiting for confirmation, it is clear that the lawyer who requested to be paid in XRP got the funds on time. 

Ripple is one of the fastest payment methods in the world, as transactions are settled on the XRP Ledger in 3-5 seconds. 

The same cannot be said about Bitcoin, which usually takes long before transactions are settled. Sometimes it can take over an hour for transactions to be settled on the Bitcoin network. 

Interestingly, Deaton has cleverly used the tweet to showcase XRP’s superiority over Bitcoin in payment. 

Deaton’s tweet comes a few days after he blasted cryptocurrency media outlet Cointelegraph for excluding XRP in its recent poll to determine the best cross-border payment option. 

In the poll, Cointelegraph listed BTC and stablecoins as the best cross-border payment options. Deaton said the Cointelegraph poll is biased against Ripple. 

This poll shows a complete bias against #XRP. How could you credibly offer this poll, list #BTC & stablecoins, but not #XRP? Since 2015 @Ripple has pushed the adoption of #XRP for cross-border payments. It was utilized with @MoneyGram and is actively being used by dozens of companies,” he said. 

His Unwavering Support for XRP

Deaton is known to be a strong advocate for Ripple. He has never ceased to throw his weight behind the cryptocurrency whenever the opportunity arises. 

Attorney Deaton is the counsel for Amici Curiae in the ongoing lawsuit between the SEC and Ripple. 

- Advertisement -

Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Lele Jimaa
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale

London, UK, 10th August, 2022, ChainwireTamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The...

Vitalik Buterin, Justin Sun, Binance, FTX Join 440 Addresses Receiving 0.1 Ethereum From Sanctioned Tornado Cash

  Binance and FTX Join the 440 Addresses That Received 0.1 ETH From Sanctioned Tornado Cash. window.coinzilla_display =...

Nigerians Can Now Pay Their Utility Bills With Bitcoin

  Cryptocurrency is now accepted for utility payments in Nigeria. window.coinzilla_display = window.coinzilla_display || ; ...

GALA, The World-Leading Web3 Company, Spearheads A New ERA Of Entertainment With GALA FILM

Jackson, USA, 9th August 2022, Chainwire Announce Partnership With Stick Figure Productions to Distribute Four Down Executive Produced by Dwayne Johnson and More. Gala, one of...

XRP Shuffling Continues, 375 Million XRP Moved Around Ripple, Exchanges, and Unknown Wallets 

  Whale Alert continues to keep tabs on these large XRP movements. window.coinzilla_display = window.coinzilla_display || ; ...

Ethereum Proof-of-Work Fork (ETHPOW) Driven By Miners To Abolish EIP-1559

  EIP-1559 will be abolished in the Ethereum proof-of-work (PoW) fork. window.coinzilla_display = window.coinzilla_display || ; ...

CryptoCom CEO: Crypto Industry Will Comeback Very Strongly

Crypto Industry Will Come Back Very Strongly, says the world's top exchange CEO. window.coinzilla_display = window.coinzilla_display ||...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.