According to a recent article from Crypto Briefing, Mati Greenspan, a senior market analyst at eToro, recently made some comments concerning XRP, its classification, and issues with adoption. Of note was his assessment that XRP was in fact not a security, a sentiment often debated in the crypto world, however he also said it was XRP's infamously aggressive supporters that were keeping banks from adopting the network.
Greenspan made it clear he is still "bullish" long term on XRP, and that he feels the coin is more akin to a utility token than a security:
"XRP is not a security, in my personal opinion... My best understanding is XRP is logically a utility token [but] the SEC may see things differently."
That being said, he feels the issue with adoption stems from a few things, for one, Ripple Labs still owns 60% of the supply, which makes the coin in no way decentralized and can make accurate price discovery difficult. However he feels perhaps the biggest problem is the online community that, at times, can become overly aggressive in their promotion of the coin.
"The negative side to [XRP’s online community] is aggressiveness... Floods of people are attempting to force banks to accept XRP."
He claims there are banks who were initially looking into adopting the medium of exchange, only to be turned off by an overzealous and at times hostile community. It is not uncommon for people on twitter to be attacked by the so called #XRPArmy, and not always for bad-mouthing the coin. Sometimes just failing to support the coin is all it takes to get attacked.
This has led to Jackson Palmer, creator of Dogecoin, to create a script to automatically block any users with a mention of XRP in their name:
Time will tell if XRP gets adopted or not, and whether the community pushes it up or drags it down is ultimately in their hands. Stick with Chepicap for all XRP updates!