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Ripple CTO Explains Why XRP Still Matters
In a recent statement, Ripple’s Chief Technology Officer (CTO), David Schwartz, has reiterated the importance of holding XRP as a sole intermediate asset. This comes as the price of both XRP and Stellar (XLM) continues to exhibit convergence.
It is crucial to note that the value of these assets follows ecosystem changes or hype closely. Historical price charts for XRP/XLM serve as evidence in questioning this claim. Previous data highlights how the price of Stellar directly follows the performance of XRP, further solidifying the connection between the two.
The CTO’s explanation revolves around the idea that holding XRP is advantageous because it allows users to avoid the need for multiple currency exchanges and, in turn, enhances transaction efficiency. This perspective takes into account the sheer number of stablecoins available on the market.
While some may argue that holding only one intermediate asset may not be ideal, Schwartz’s argument suggests that XRP still has a significant role to play as a bridge between different blockchain platforms and fiat currencies.
In conclusion, it is essential for investors to understand the potential benefits of holding XRP in their portfolios.
Source: u.today
