XRP’s Secret Weapon? Ripple Exec Says It’s Not What You Think

Ripple CTO Answers 6 Pertinent Questions About XRP In Quest To Take Over SWIFT

Ripple Chief Technology Officer (CTO) David Schwartz has addressed critical questions regarding XRP’s role as the crypto firm looks to replace SWIFT. Schwartz indicated that the altcoin was irreplaceable in the firm’s operations despite the issuance of the RLUSD stablecoin.  Ripple CTO Addresses Questions Regarding XRP In an X post, Ripple CTO first touched on the question of how the crypto firm has over 300 bank partnerships, but XRP on-chain v…

Ripple CTO Explains Low XRP Ledger Despite 300+ Bank Partners

David Schwartz the chief technology officer at Ripple, discussed the use of the XRP ledger which was stagnating these days. He stated that there are more than 300 banks that collaborate with Ripple. However, they keep the majority of the activity off-chain. The cost of compliance is high which puts off stringent utilization of institutions. In a 2021 Journal of Financial Regulation paper, three-quarters of bankers stated these are obstacles to c…

Ripple’s Schwartz Clarifies XRP’s Role Amid Stablecoin Rise

Ripple’s recent comments from its Chief Technology Officer, David Schwartz, have reignited the debate around the role of XRP in the company’s ecosystem, particularly in light of the growing prominence of its stablecoin, RLUSD. Schwartz’s assertions provide a nuanced perspective on the interplay between XRP and stablecoins, offering valuable insights for investors navigating the cryptocurrency… Source

XRP’s Secret Weapon? Ripple Exec Says It’s Not What You Think

According to comments from Ripple CTO David Schwartz, XRP is still at the heart of Ripple’s payments system, even as the company highlights its new stablecoin, RLUSD. Ripple’s lead tech officer stressed that XRP remains the primary bridge asset in cross-border transactions—and that wider use of the XRP Ledger will keep boosting the altcoin’s utility and value. XRP Remains Core To Ripple Payments In a recent exchange, an XRP supporter pointed out…