A hostile takeover of the entire XRP is reportedly being planned by an initiative known as Index . The $ 14bn Bottom line: There is a growing crypto battle between decentralization purists and a newer generation that doesn't mind the presence of central companies like Ripple (or, coming soon, Facebook). XRP is majority - owned by Index , a venture - capital backed firm . Valor is said to be raising funds to short XRP , then create a fork via which holders of the Index shares could receive a Valor token for each XRP token . It would then encourage more XRP holders to swap their tokens by offering extra Valor to its community . The concept highlights the growing rift between those committed to crypto 's decentralisation ethos , and those who support firms such as Ripple .
A hostile takeover of the entire XRP is reportedly being planned by an initiative known as Index . The $ 14bn XRP is majority - owned by Index , a venture - capital backed firm . Valor is said to be raising funds to short XRP , then create a fork via which holders of the Index shares could receive a Valor token for each XRP token . It would then encourage more XRP holders to swap their tokens by offering extra Valor to its community . The concept highlights the growing rift between those committed to crypto 's decentralisation ethos , and those who support firms such as Ripple .