Ripple CTO Dispels Misconceptions About XRP Price Dynamics

By
Lorenzo Velasco
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).

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.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings

We use cookies on our website to enable certain functions, to provide more relevant information to you and to optimize your experience on our website. Further information can be found in our Privacy Policy and our Terms of Service . Mandatory information can be found in the legal notice