"Future Payment Giant? Ripple CTO Explains Why XRP Continues to Transform Global Payment Systems"
Recently, the XRP community released a video titled "What’s Wrong with XRP" pointing out three drawbacks of XRP as a cryptocurrency investment: First, XRP was supposed to serve as an intermediary cryptocurrency for cross-border payments, but it has now been replaced by more suitable stablecoins; Second, Ripple's plan for an IPO may weaken XRP's role as a test tool for company performance; Finally, Ripple holds a large amount of XRP and sells it for operations, which may affect its investment attractiveness.
In response, Ripple's Chief Technology Officer David Schwartz stated that although users do not need to hold XRP to make payments, the holding behavior of other market participants actually supports XRP's liquidity. Additionally, Schwartz refuted the claim that XRP's price is driven by ecosystem changes or speculation, pointing out that XRP's price trend is similar to that of XLM, proving that XRP's value is not solely determined by short-term market sentiment.
Finally, Schwartz emphasized that holding XRP as a payment intermediary still has practicality, as it helps reduce the number of currency exchanges and improves transaction efficiency. In the context of multiple stablecoins, XRP remains a significant intermediary asset.
With Ripple's strategic adjustments to XRP, we will see more innovations and developments. Don't miss the market dynamics; follow Mr. Qiu for an in-depth interpretation of the new trends in the cryptocurrency world!
