XRP under fire: useful or useless?
In crypto, there are plenty of eternal debates, and the question about XRP consistently ranks at the top. This week, it was heated by Matthew Sigel from VanEck, who stated that XRP holders receive nothing, and the practical benefits of the XRP Ledger network are unclear.
He even poked fun at the XRP Army:
"I don't know what your blockchain does, but I'm impressed by how confidently you pretend it does something."
The community erupted and reminded everyone about the tokenization of U.S. government bonds involving the XRP Ledger, BlackRock, and Ondo.
But Sigel stood his ground: no fees — no benefits, no burning — no token economy.
The discussion was joined by Ripple's CTO David Schwartz, who reminded everyone that XRP shouldn't provide passive income — the blockchain was created to eliminate intermediaries, not to pay rent.
An additional question was raised by Scott Melker:
if Ripple launches the stablecoin RLUSD, what role remains for XRP?
And here’s the paradox:
Ripple is on a roll, partners are serious, projects are large… yet XRP holders seem to still be waiting for their invitation to the party.
