CandleFocus $1M Worth of XRP Still Costs $1M: Ripple CTO Says XRP is Widely Available, But Crypto Payment Adoption Remains Limited
2024-10-21
Author: Content Editor
Ripple CTO David Schwartz recently reiterated his stance on the pricing of XRP and its role in payments. He argued that XRP has not realized its full potential in payment systems despite its availability and favorable features. Schwartz maintained that the cost of using XRP for payments scales proportionally with its price, making higher prices more efficient for larger transfers. However, investors have expressed frustration with XRP's underwhelming price performance compared to other cryptocurrencies like Bitcoin. Schwartz defended XRP's advantages for payments, including wide availability, low transaction fees, and rapid confirmation times. He acknowledged that XRP and other cryptocurrencies are not widely used for payments currently, but attributed this to broader industry trends and challenges such as integration complexities and regulatory hurdles.
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