XRP’s integration into the US Digital Asset Stockpile has sparked discussions. President Trump called XRP a valuable cryptocurrency, prompting questions regarding its true utility and relevance compared to other digital assets.
Despite being designed for interbank settlements, XRP’s usage is minimal outside of specific services like On-Demand Liquidity. Its functions in Web3 are also limited, lacking advanced capabilities seen in networks like Ethereum.
The concentration of XRP with Ripple Labs raises concerns about potential market manipulation and stability. With more than half of the total XRP supply held by the company, its true independence as a cryptocurrency is questioned.
Leave a Reply