CandleFocus Ripple CTO Explains Why XRP Still Matters
2024-12-19
Author: Content Editor
The XRP community saw a video criticizing the cryptocurrency as a bad investment, stating that its role as an intermediate cryptocurrency for cross-border payments has been replaced by stablecoins. The fact that Ripple launched its own stablecoin, RLUSD, supports this argument. The video also mentions that Ripple's plans for an IPO undermine XRP's role as a beta to the company's performance, and that Ripple's large holdings and sales of XRP further discourage investment. However, Ripple CTO David Schwartz disputed these claims, stating that holding XRP supports liquidity on the market and that historical price charts show a correlation between XRP and Stellar. Schwartz also suggested that holding XRP can enhance transaction efficiency by reducing the need for currency exchanges.
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