The San Francisco-based crypto-lending platform Dharma has responded to questions surrounding its relationship with Xpring, following the controversy that has been brewing between Ripple and the XRP community.
Ripple's XRP Controversy
Earlier in the week, a flurry of debate began surrounding the negative impact of Ripple selling XRP to clients, which many in the cryptocurrency community view to be detrimental to the coin’s value. On Aug. 26, Twitter user CryptoBitlord proposed a hard fork of XRP to avoid the ongoing situation,
I’m thinking about forking $XRP so we don’t have to deal with the founders dumping.
-This will be a community effort.
Retweet if you’re in 🚀🚀🚀
Community backlash ensued, with some XRP investors supporting the fork and outrage towards Ripple. Brad Garlinghouse, CEO of the blockchain-based startup, took to twitter to defend Ripple’s XRP sales as a benefit to the cryptocurrency’s growth and development.