Ripple CTO Dispels Misconceptions About XRP Price Dynamics

By
Lorenzo Velasco
1 min read

David Schwartz, the chief technology officer (CTO) at Ripple, has addressed misconceptions surrounding the price dynamics of XRP in a recent social media exchange. He clarified several points, including the relationship between staking, securities regulations, and XRP's utility as a payment asset. Schwartz emphasized that staking itself is not a tradable asset and does not involve transactions typically regulated under securities laws. Additionally, he affirmed that a higher price for an asset with a fixed supply, like XRP, enhances its practicality for payments and intermediation. Schwartz also dismissed any notion that Ripple desires a lower XRP price for payment utility as 'nonsensical.' Currently valued at $0.63, XRP's relevance in Ripple's ecosystem and the broader crypto landscape remains under scrutiny, prompting Schwartz's detailed explanations to provide a clearer understanding of XRP's value proposition.

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