Ray Youssef, founding father of Paxful, a peer-to-peer Bitcoin market, not too long ago took to Twitter to announce that he won’t be including three standard cryptocurrencies — Litecoin (LTC), Cardano (ADA) and Monero (XMR) — to his platform.
Within the first tweet, Youssef laid out his rationale for rejecting these cash. “We’ve got bitcoin and stables, so as to add the remainder could be uncivilized,” he defined.
After receiving some pushback from individuals who had been stunned he grouped Monero, a preferred privateness coin, into the identical listing as Litecoin and Cardano, Youssef backpedaled in a later tweet. “I apologize for placing Monero in the identical breath as Litecoin and Cardano,” he stated. “Nonetheless will not add it to a US firm however ought to have changed with XRP as a substitute.”
cardYoussef additionally made it clear that whatever the final result of any litigation between Ripple, a blockchain firm linked to the XRP cryptocurrency, and the U.S. Securities and Alternate Fee (SEC), Paxful will nonetheless not add XRP to the listing of obtainable cryptocurrencies. “Do not care what the XRP litigation result’s,” tweeted Youssef.
Youssef nonetheless praised Ripple’s efforts to develop use circumstances for business-to-business remittances.
The crypto entrepreneur then shifted focus towards these calling him a hypocrite for eradicating Ethereum whereas supporting stablecoins. He provides that his critics “live in a smarmy tech bubble.” He added, “Your tech and technicalities imply nothing,” he added.