The smell of marijuana wafted through a half-filled event space in Manhattan’s Meatpacking District, as a group of cryptocurrency believers downed champagne and blood orange margaritas. The event, sponsored by

Ripple Labs Inc., brought together XRP loyalists and skeptics alike for a concert headlined by 46-year-old rapper Snoop Dogg on Tuesday evening.

The invitation-only XRP Community Night celebrated a popular but controversial token intended to disrupt international money transfers. Snoop Dogg at XRP Community Night on May 15.

“Whenever I hear the word ‘promotion’ it makes me cringe,” said Ripple CEO Brad Garlinghouse, adding that the event was meant to build community, not hype, around Ripple’s XRP, the world’s third-largest digital currency. Garlinghouse said he wasn’t the one who picked Snoop Dogg as the headliner.

Not everyone there was sold on XRP. One attendee, in town from the Netherlands for New York’s Blockchain Week, criticized the cryptocurrency, saying it relies on banks instead of disrupting them.

Others, including bankers from Wall Street firms, questioned the legitimacy of digital tokens in general. But the detractors were balanced by longstanding XRP fans. Read more from bloomberg.com…

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