Reply CTO answers 6 related questions about XRP in the pursuit of Swift’s assumption star-news.press/wp

Ripple technology official (CTO) David Schwartz Important questions related to the role of XRP as the encryption company is looking to replace Swift. Schwartz indicated that Altcoin was indispensable in the company’s operations despite the release of Rlusd Stablecoin.

Ripple CTO addresses XRP questions

in X postRipple CTO first touched on how the encryption company has more than 300 banking partnerships, however XRP series size It is still low. Schwartz saw that there are several reasons why their customers prefer to use altcoin outside the series instead of the series. However, he believes they are about to change that because institutions now see the benefits of moving on the chain.

Ripple CTO admitted that the XRP size on the chain was very slow. He pointed out that even the encryption company cannot use it XRPL Dex For payments yet because they cannot make sure that the terrorist will not provide liquidity for payment. Schwartz added that features such as areas with permission will address this problem.

secondly, Cto ripple It took the reason for using XRP on stablecoins for transfers despite its fluctuations. He explained that there are cases of use where volatility is not incomplete and instead, it is an additional advantage. He stated that in general, the point of view of most digital origins is that upside down beyond the downside. As such, as long as one does not shout for risk, Schwartz believes that Altcoin’s pregnancy is not a defect.

The next question was about the incentive for the XRP contract if the fluctuation was not a problem, as it is a bridge currency. Ripple CTO said that the bridge currency only works if someone keeps it, so that he can accurately get it when they need it. He suggested that it may be better to hold XRP, which is the current The dominant bridge currencyBecause it should be the cheapest exchange of everything that happened until the following.

XRP will lead to stablecoins?

Moreover, David Schwartz answered whether XRP as a bridge currency will remain necessary when Stablecoins cover most of the husbands in the future. Ripple cto answered if One stablecoin Wins, then Altcoin will not be necessary, because Stablecoin will only work as a bridge currency.

However, Ripple CTO saw that one stablecoin could not win for several reasons. This includes the fact that Stablecoin can not only be stable for a certain Fiat currency and will always have judicial links. As such, Schwartz believes it still makes sense to have bridge assets like XRP in this Multiple stablecoin world.

For the reason for the desire of the giants, such as Blackrock to use it XRP LEDGER For Tokezation Instead of building their Blockchain, Ripple CTO does not think this will be important as long as there is an interim operation and asset transfer capacity. He added that multiple mines are a good form of expansion as well.

Meanwhile, with regard to geopolitical dangers and why foreign countries in the US -based private company payment network trust, Ripple CTO explained that Xrpl is not based in the United States. Schwartz also noticed that the network had never distinguished against any specific participant. He also pointed out that Ripple has separately licensed entities in many judicial states of institutions payment products, which makes them unprecedented on the United States only

Distinctive image from Getty Images, Chart from TradingView.com

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.