Ripple chief technology officer (CTO) David Schwartz He dealt with critical questions about the role of XRP, because the cryptographic company wants to replace SWIFT. Schwartz pointed out that Altcoin was irreplaceable in the company’s operations, despite the release of Rlusd Stablecoin.
Ripple CTO solves questions about XRP
IN X PostRipple CTO for the first time raised the question of how a cryptographic company has over 300 banking partnerships, but XRP chain volume remains low. Schwartz stated that there are several reasons why their customers preferred to operate Altcoin outside the chain than in the chain. However, he believes that there are close changes because the institutions now see the benefits of moving in the chain.
Ripple Cto admitted that the volume of XRP on the chain was very leisurely. He noticed that even a cryptographic company cannot operate XRPL DEX In the case of payment, because they cannot be sure that the terrorist will not provide sleek payment. Schwartz added that functions such as authorized domains solve this problem.
Secondly, Ripple cto Addressed why XRP is still used by stablecoin for transfers despite its variability. He explained that there are cases of operate in which variability is not a minus and this is a plus. He noticed that generally the sight of most digital assets is that the advantage prevails in the minus. As such, as long as he is not very reluctant to risk, Schwartz believes that keeping Altcoin is not a disadvantage.
The next question concerned the incentive to store XRP, if variability is not a problem, because it is a bridge currency. Ripple Cto said that the bridge currency only works when someone holds it so that he can get it thoroughly when he needs it. Suggested that it is best to store XRP, i.e. present Dominant bridge currencyBecause it should be replaced cheaper for everything that happens.
Does XRP lead over Stablecouins?
In addition, David Schwartz replied whether XRP as a bridge currency would still be necessary when Stablecouins covers most couples in the future. Ripple Cto replied if One Stablecoin Winning, then Altcoin will not be necessary, because this Stablecoin will simply serve as a bridge currency.
However, Ripple Cto stated that one Stablecoin cannot win for several reasons. This includes the fact that Stablecoin can be stable only in relation to one specific currency fiduat and will always have jurisdiction. As such, Schwartz thinks that it is still worth having a bridge resource such as XRP Multi-Stablecoin World.
What about why giants like Blackrock would like to operate Book of XRP for tokenization Instead of building your own blockchain, Ripple CTO does not think that it will matter if there is interoperability and portability of assets. He added that multi-love is also a good form of scalability.
Meanwhile, in terms of geopolitical risk and why foreign countries will trust the American private payment network of the company, Ripple Cto explained that XRPL is not really based on the USA. Schwartz also noticed that the network never discriminated against any specific participant. He also noticed that Ripple was separately licensed entities in many jurisdictions for their company payment products, which means that it is not confined to the USA
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