Saturday, August 2, 2025
SCRYPTO MAGAZINE
No Result
View All Result
  • Home
  • Crypto
  • Bitcoin
  • Blockchain
  • Market
  • Ethereum
  • Altcoins
  • XRP
  • Dogecoin
  • NFTs
  • Regualtions
SCRYPTO MAGAZINE
No Result
View All Result
Home XRP

Ripple CTO Answers 6 Pertinent Questions About XRP In Quest To Take Over SWIFT

SCRYPTO MAGAZINE by SCRYPTO MAGAZINE
August 2, 2025
in XRP
0
Ripple CTO Answers 6 Pertinent Questions About XRP In Quest To Take Over SWIFT
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Ad Disclosure

Ripple Chief Expertise Officer (CTO) David Schwartz has addressed important questions concerning XRP’s position because the crypto agency appears to be like to switch SWIFT. Schwartz indicated that the altcoin was irreplaceable within the agency’s operations regardless of the issuance of the RLUSD stablecoin. 

Related articles

Ripple’s XRP Ledger Records 70M Transactions in July, Proves Blockchain Resilience

Ripple’s XRP Ledger Records 70M Transactions in July, Proves Blockchain Resilience

August 2, 2025
SEC Delays Appeal Withdrawal In Ripple Lawsuit, Pro-XRP Lawyer Says Expect To Hear Something In This Timeframe

SEC Delays Appeal Withdrawal In Ripple Lawsuit, Pro-XRP Lawyer Says Expect To Hear Something In This Timeframe

August 1, 2025

Ripple CTO Addresses Questions Relating to XRP

In an X post, Ripple CTO first touched on the query of how the crypto agency has over 300 financial institution partnerships, however XRP on-chain volume stays low. Schwartz opined that there are a number of the explanation why their shoppers have most well-liked to make use of the altcoin off-chain reasonably than on-chain. Nevertheless, he believes that they’re near altering that as a result of establishments are actually seeing the advantages of shifting on-chain. 

The Ripple CTO admitted that XRP’s on-chain quantity has been very sluggish. He famous that even the crypto agency can’t use the XRPL DEX for funds but as a result of they will’t ensure a terrorist gained’t present the liquidity for cost. Schwartz added that options like permissioned domains will handle this difficulty. 

Secondly, the Ripple CTO addressed why XRP continues to be getting used over stablecoins for transfers regardless of its volatility. He defined that there are use circumstances the place volatility isn’t a minus and is as a substitute a plus. He remarked that usually, the view for many digital belongings is that the upside outweighs the draw back. As such, so long as one isn’t very risk-averse, Schwartz believes that holding the altcoin will not be a drawback. 

The subsequent query was in regards to the incentive to carry XRP if volatility isn’t a difficulty, as a result of it’s a bridge foreign money. The Ripple CTO stated {that a} bridge foreign money solely works if somebody is holding it, to allow them to get it exactly once they want it. He recommended that it could be greatest to carry XRP, which is the present dominant bridge currency, as a result of it ought to be cheaper to trade it into no matter they occur to subsequent. 

Will XRP Lead Over Stablecoins?

Moreover, David Schwartz answered whether or not XRP as a bridge foreign money will nonetheless be crucial when stablecoins cowl most pairs sooner or later. The Ripple CTO answered that if one stablecoin wins, then the altcoin gained’t be crucial, as that stablecoin will simply function the bridge foreign money. 

Nevertheless, the Ripple CTO opined that one stablecoin can’t win for a number of causes. This contains the truth that a stablecoin can solely be steady relative to at least one explicit fiat foreign money and can all the time have jurisdictional ties. As such, Schwartz believes that it nonetheless is sensible to have a bridge asset like XRP on this multi-stablecoin world. 

As to why giants like BlackRock would need to use XRP Ledger for tokenization as a substitute of constructing their very own blockchain, the Ripple CTO doesn’t assume that may matter so long as there’s interoperability and asset portability. He added that multi-chains are a great type of scalability as effectively.

In the meantime, on geopolitical danger and why overseas nations would belief a U.S.-based personal firm cost community, the Ripple CTO clarified that the XRPL will not be actually U.S.-based. Schwartz additional remarked that the community has by no means discriminated towards any explicit participant. He additionally famous that Ripple has individually licensed entities in lots of jurisdictions for its enterprise cost merchandise, which makes it not restricted to only the U.S.

Ripple
XRP buying and selling at $2.93 on the 1D chart | Supply: XRPUSDT on Tradingview.com

Featured picture from Getty Photos, chart from Tradingview.com

Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluate by our crew of prime know-how consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.



Source link

Tags: AnswersCTOPertinentQuestquestionsRippleSWIFTXRP
Share76Tweet47

Related Posts

Ripple’s XRP Ledger Records 70M Transactions in July, Proves Blockchain Resilience

Ripple’s XRP Ledger Records 70M Transactions in July, Proves Blockchain Resilience

by SCRYPTO MAGAZINE
August 2, 2025
0

Key NotesXRPL recorded 70 million transactions in July with a every day common of 1.8 million, rating amongst high blockchain...

SEC Delays Appeal Withdrawal In Ripple Lawsuit, Pro-XRP Lawyer Says Expect To Hear Something In This Timeframe

SEC Delays Appeal Withdrawal In Ripple Lawsuit, Pro-XRP Lawyer Says Expect To Hear Something In This Timeframe

by SCRYPTO MAGAZINE
August 1, 2025
0

The Ripple vs. SEC lawsuit seems to be nearing its final stages, however the path will not be but clear....

Ripple Vs. SEC Battle At An End? What An Appeal Dismissal In August Would Mean For XRP

Ripple Vs. SEC Battle At An End? What An Appeal Dismissal In August Would Mean For XRP

by SCRYPTO MAGAZINE
July 31, 2025
0

Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Ad Disclosure The long-running authorized battle between Ripple...

White House Crypto Policy Report Looms: What It Means for Bitcoin and XRP Whales

White House Crypto Policy Report Looms: What It Means for Bitcoin and XRP Whales

by SCRYPTO MAGAZINE
July 31, 2025
0

Trusted Editorial content material, reviewed by main business specialists and seasoned editors. Ad Disclosure The crypto world is holding its...

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

by SCRYPTO MAGAZINE
July 30, 2025
0

Trusted Editorial content material, reviewed by main business specialists and seasoned editors. Ad Disclosure Ripple CEO Brad Garlinghouse has made...

Load More
  • Trending
  • Comments
  • Latest
Analysts’ 2025 Bull Market Predictions

Bitcoin Entering Second ‘Price Discovery Uptrend’, What’s Ahead?

January 21, 2025
Bitcoin Spot-Perpetual Price Gap Turns Negative

Bitcoin Spot-Perpetual Price Gap Turns Negative

December 23, 2024
Bitcoin Price Flashes Major Buy Signal On The 4-Hour TD Sequential Chart, Where To Enter?

Bitcoin Price Flashes Major Buy Signal On The 4-Hour TD Sequential Chart, Where To Enter?

December 24, 2024
Cardano Price Outlook: The $0.40 Threshold Could Unlock Doors to $1

Cardano Price Outlook: The $0.40 Threshold Could Unlock Doors to $1

December 23, 2024
Bitcoin could reach this unbelievable price by 2025, but these factors must align

Bitcoin could reach this unbelievable price by 2025, but these factors must align

0
XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon

XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon

0

Fed Can’t Hold Bitcoin, No Plans Yet To Change Law, Powell Says

0
Bears Take Full Control of the Market

Bears Take Full Control of the Market

0
Spot Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow

Spot Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow

August 2, 2025
Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why

Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why

August 2, 2025
China’s Crypto Liquidation Plans Reveal Its Grand Strategy

China’s Crypto Liquidation Plans Reveal Its Grand Strategy

August 2, 2025
Bitcoin Dives Below $114K After Trump’s Nuclear Threat

Bitcoin Dives Below $114K After Trump’s Nuclear Threat

August 2, 2025

Recent News

Spot Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow

Spot Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow

August 2, 2025
Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why

Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why

August 2, 2025

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Market
  • NFTs
  • Regualtions
  • XRP

Recommended

  • Spot Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow
  • Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why
  • China’s Crypto Liquidation Plans Reveal Its Grand Strategy
  • Bitcoin Dives Below $114K After Trump’s Nuclear Threat
  • 5 Shady Crypto Projects That Made It to the Spotlight

© 2025 SCRYPTO MAGAZINE | All Rights Reserved

No Result
View All Result
  • Home
  • Crypto
  • Bitcoin
  • Blockchain
  • Market
  • Ethereum
  • Altcoins
  • XRP
  • Dogecoin
  • NFTs
  • Regualtions

© 2025 SCRYPTO MAGAZINE | All Rights Reserved