Ripple CTO Explains Real Value Of XRP Ledger And Why It Doesn’t Trigger Price Rallies

Ripple Chief Technology Officer (CTO) David Schwartz has commented on the XRP Ledger’s (XRPL) real value and the network’s ￰0￱ also declared that the XRPL doesn’t trigger rallies for the XRP price but noted that it makes the token more valuable due to its role on the ￰1￱ CTO Explains XRP Ledger’s Utility And Impact On XRP Price In an X post , the Ripple CTO stated that the XRP Ledger was designed to provide a fast, cheap, and reliable native token, DEX, and payment system for people who needed those ￰2￱ came as he noted that the XRPL was not designed to increase the price of XRP or make it “go up.” However, the Ripple CTO admitted that greater adoption and use of the XRP Ledger will add value to ￰3￱ explained that this would happen because of the token’s privileged position on the ￰4￱ is said to be the only asset on the network with no counterparty that anyone can ￰5￱ added that the token is “ jurisdictionless” and favored by ￰6￱ Ripple CTO had previously stated that XRP would remain the bridge currency of the XRP Ledger, despite the emergence of the RLUSD ￰7￱ noted that there were several stablecoins, making it impossible for any of them to serve as the bridge ￰8￱ also indicated that XRP was more dominant than these stablecoins since it is more generally accepted worldwide.

Meanwhile, the Ripple CTO also addressed those who were concerned about the short to medium-term XRP price ￰9￱ stated that he is not convinced that utility matters beyond having a stable, reliable network that ensures XRP remains scarce, fungible, censorship-resistant, and easy to hold and ￰10￱ Adds New Utility For XRPL And RLUSD In a press release , Ripple announced a collaboration with Mastercard, WebBank, and Gemini to explore the use of RLUSD on the XRP ￰11￱ crypto firm stated that the initiative is designed to enable RLUSD to facilitate blockchain-based settlement processes between Mastercard and WebBank, which issued the Gemini credit ￰12￱ crypto exchange has launched several credit cards, including one for XRP.

Notably, Ripple revealed that this initiative will start with the Gemini XRP card, a move that pro-XRP lawyer Bill Morgan believes could boost XRP’s ￰13￱ an X post , he noted that the number of XRP transactions has increased from a pre-issue baseline since Ripple first issued the ￰14￱ also referenced a community member’s view that Ripple’s new initiative could increase XRP’s transaction volume once the RLUSD settlement goes live ￰15￱ the time of writing, the XRP price is trading at around $2.34, up over 4% in the last 24 hours, according to data from CoinMarketCap.