A former Ripple director has recently teased upcoming exciting developments for the XRP ecosystem, charging the community to expect “big news” soon.
This teaser came from Sean McBride, a talent acquisition leader who served as Ripple’s Director of Global Talent Acquisition for two years, from August 2021 to July 2023. McBride took to X last night to prepare the XRP community for what he regards as a “big” development.
“Big news coming from Ripple and XRP in the next couple days,” the former Ripple director remarked in a rather enigmatic post that has triggered mixed reactions from the XRP community.
Big news coming from #Ripple and #XRP in the next couple days
— Sean McBride (@seanmcbride16) February 6, 2024
XRP Community Reacts
While some proponents expressed excitement in anticipation of the unknown development, others showed less enthusiasm, citing a past pattern of previous disclosures that turned out disappointing with no visible positive impact on the ecosystem.
One internet personality mockingly questioned if the upcoming development involved an announcement from a major company about using a Ripple product and then not actually following through with the move.
Another company using Ripples products as a “pilot program” and then never actually using it after?
— Faisal (@WelcomeNowLeave) February 6, 2024
Notably, there have been multiple instances of leading financial giants announcing intentions to use XRP or Ripple’s products for their services, but failing to follow through with the plans. Some of these companies went as far as testing the products.
In February 2018, Western Union’s then CEO Hikmet Ersek confirmed that the money transfer giant was experimenting with Ripple’s technology as well as with XRP with plans to leverage them for a more seamless transaction settlement.
However, Western Union never adopted this plan. In addition, MoneyGram, a Western Union rival, partnered with Ripple in 2019 to leverage Ripple’s products for cross-border settlements. Nonetheless, both firms terminated this partnership in 2021, following the SEC’s charges.
Growing Concerns
These cases have dealt a blow to the community, as the anticipated adoption of XRP from these partnerships have not materialized as expected. Some community members have also lamented the effects these failed developments have on XRP’s price movements.
Meanwhile, in a follow-up post, McBride castigated the individuals criticizing him for his earlier remarks. He emphasized that some “big news” is indeed coming to the XRP ecosystem, and it has already arrived. According to him, XRP would record a price explosion from this.
Yeah, all you non #Ripple shareholders can STFU because, yes, big news IS coming, already has come, and #XRP is going to explode so piss off if you don’t have anything positive to say
— Sean McBride (@seanmcbride16) February 6, 2024
He charged those who do not have any positive response to hold their peace. Despite the criticisms, the former Ripple director failed to disclose the nature of the upcoming development, leaving room for speculation among XRP proponents.
XRP has struggled amid the ongoing market uncertainty. The token recently gave up $0.51, currently changing hands at $0.5013. Most proponents have bemoaned its inability to leverage past market uptrends, anticipating positive developments that could eventually lead to a breakout.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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