US EditionRipple CTO Explains Why XRP Ledger Lags Despite 300+ Bank Deals
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5 Articles
Ripple co-founder explains why most banks don’t use XRP
When a complaint from an XRP token holder gained over half a million impressions on X, Ripple co-founder David Schwartz was forced to explain why Ripple’s blockchain, despite over 300 bank partnerships built over 13 years, doesn’t process billions of dollars worth of daily on-chain volume. Schwartz launched the XRP Ledger with Arthur Britto on June 2, 2012. Unlike Bitcoin, whose founder Satoshi Nakamoto intended to disintermediate banks, Ripple …
Ripple CTO Explains Why XRP Ledger Lags Despite 300+ Bank Deals
Source: Bitcoinist Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple chief technology officer David “JoelKatz” Schwartz moved to explain the gap between Ripple’s oft-touted roster of bank relationships and the still-modest on-chain activity on the XRP Ledger (XRPL), responding at length on July 30 to a widely shared thread of questions from investor and YouTuber Andrei Jikh. In …
Ripple CTO Explains Why XRPL DEX Is Not Being Used for Payments
The recent statements of Ripple CTO David Schwartz have ignited heated controversy in the cryptocurrency world. In a frank chat, Schwartz acknowledged that Ripple and its partners are not yet using the XRP Ledger (XRPL) decentralized exchange (DEX) for payments. This disclosure has prompted concerns regarding compliance, liquidity, and the further institutional use of on-chain settlement systems. The XRPL DEX remains one of the network’s most un…
Ripple CTO Explains Why XRPL On-Chain Activity Remains Low Despite Global Adoption
The post Ripple CTO Explains Why XRPL On-Chain Activity Remains Low Despite Global Adoption appeared first on Coinworldstory. Ripple CTO David Schwartz explains why XRPL sees low on-chain activity despite global partnerships, citing compliance hurdles and pending institutional shift. The post Ripple CTO Explains Why XRPL On-Chain Activity Remains Low Despite Global Adoption appeared first on Coinworldstory.
Key points of the Ripple News are back in focus after investor Andrei Jikh questioned why his more than 300 banking alliances are not reflected in a massive daily onchain volume. Ripple's CTO, David Schwartz, responded that the institutions still prefer to liquidate outside the chain for security and compliance, although he hinted at future migration. Despite new tokenization agreements, XRPL's activity fell more than 30% in the first quarter of…
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