XRPL Success Without High XRP Demand Is Very Unlikely: David Schwartz
Photo: The Crypto Basic
Ripple CTO emeritus David Schwartz believes strong adoption of the XRP Ledger (XRPL) in financial services will drive demand for XRP and increase its value. Schwartz made the comments while discussing whether burning XRP transaction fees directly affects the token’s price. “I think a world where XRPL is highly successful in financial applications, but XRP does not have high demand and value is very unlikely,” he said . He acknowledged that XRP would face limited benefits if the crypto industry relied almost entirely on one dominant asset, but he considers that scenario unlikely.
Source: The Crypto Basic
