Ripple CTO Reveals XRP Ledger’s Hidden Power—And Why It Won’t Moon Your Portfolio
David Schwartz drops truth bombs on XRP's utility—while traders weep over stagnant charts.
The Niche No One Talks About
Ripple's chief tech officer just schooled crypto Twitter on why the XRP Ledger's real value lies in settlement efficiency—not memecoiny price pumps. Spoiler: institutions care about throughput, not your lambo dreams.
Why This Doesn't Move Markets
Turns out saving banks 60% on cross-border transactions doesn't trigger FOMO. Who knew? Meanwhile, degenerate traders keep staring at logarithmic charts waiting for 'the flare'—Schwartz's explanation might as well be in Sanskrit.
The Finance Jab You Expected
Wall Street still prefers ripping you off with 3-day wire transfers. Some traditions die harder than a shitcoin's 'strong fundamentals.'
Ripple 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 features. This 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 XRP. He explained that this WOULD happen because of the token’s privileged position on the network. XRP is said to be the only asset on the network with no counterparty that anyone can hold. He added that the token is “ jurisdictionless” and favored by autobridging.
The Ripple CTO had previously stated that XRP would remain the bridge currency of the XRP Ledger, despite the emergence of the RLUSD stablecoin. He noted that there were several stablecoins, making it impossible for any of them to serve as the bridge currency. Schwartz 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 action. He 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 transfer.
Ripple 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 Ledger. The 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 card. The 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 adoption. In an X post, he noted that the number of XRP transactions has increased from a pre-issue baseline since Ripple first issued the RLUSD. He also referenced a community member’s view that Ripple’s new initiative could increase XRP’s transaction volume once the RLUSD settlement goes live on-chain.
At 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.
