Ripple CTO Highlights XRP’s Central Role in Driving Long-Term Price Value
David Schwartz, CTO of Ripple Labs, clarified the long-term value drivers for XRP, emphasizing its role as a bridge asset in Ripple's payment infrastructure, particularly for cross-border transactions.
XRP’s Role As A Bridge Asset Is Central
- Schwartz highlighted XRP's utility in real financial use cases will enhance its value.
- He reassured that XRP remains integral to Ripple, despite the introduction of the stablecoin RLUSD.
- Schwartz stated XRP's usage in Ripple's system surpasses all other assets.
- Increased activity on the XRP Ledger is expected to drive demand for XRP, potentially increasing its price.
- As businesses adopt Ripple blockchain networks, demand for XRP is projected to grow.
Ripple CTO: Stablecoins Support, XRP Sustains
- Concerns about RLUSD replacing XRP were addressed; both serve different purposes.
- Stablecoins like RLUSD are suited for scenarios needing fixed values, avoiding crypto market volatility.
- For long-term holding and real finance applications, XRP remains a preferred choice.
- Schwartz noted XRP's critical role in facilitating swift currency movement in volatile markets.
- XRP's privileged position on XRPL provides it a long-term advantage over many other tokens.
