A simmering feud over Ripple, which in recent days has become the second most valuable digital currency after bitcoin, boiled over Thursday evening in bitter Twitter exchange involving the company’s CEO Brad Garlinghouse.
The fight erupted after Nate Popper, a New York Times journalist and author of a popular book on bitcoin, suggested that Ripple’s currency (technically known as XRP) is simply a tool for speculation and has little purpose in the real world.
Popper backed this up by claiming that bankers are not using XRP—a damning assertion, if true, since Ripple contends banks are embracing its currency as part of a larger shift away from the legacy money transfer system known as SWIFT. Here’s what Popper said:Garlinghouse pounced in response, claiming that Popper had his facts wrong and listing a series of alleged rebuttals from others in the banking industry. He also accused Popper of journalistic malpractice by failing to speak to available sources who would allegedly have disproved his assertions:

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