Ripple's Schwartz Underestimates XRP Lending Potential, Flare CEO Claims

Image: U.Today
Ripple CTO David Schwartz is underestimating the true potential of lending on the XRP Ledger , and the Flare Networks ecosystem is ready to prove it in practice. Flare CEO Hugo Philion made this ambitious but friendly claim. In his view, one of XRP's chief architects is overlooking what many users have also missed - the scale of external infrastructure that can be integrated into Ripple's network. Philion explains that while the XRPL's native lending protocol, XLS-66, is stalled at the validator voting stage, his team has already built a workaround.
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