Ripple CTO emeritus David Schwartz links higher XRP price to stronger utility

David Schwartz, who served as Ripple ‘s Chief Technology Officer and now holds the title CTO Emeritus, addressed XRP’s price-performance concerns in a public statement on X. Ripple is a major US blockchain company known for developing payment solutions and issuing XRP, a digital asset designed for cross-border transactions. Responding to questions from the XRP community, Schwartz highlighted the crucial relationship between the price of XRP and the asset’s utility within payment networks. He explained that higher prices are beneficial for XRP because they lead to increased liquidity and reduced transaction slippage. The issue was raised by a community member who questioned why XRP’s price remained relatively flat, despite Ripple’s global expansion through RippleNet and the launch of its stablecoin, RLUSD.

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