Statements by Ripple's Chief Technology Officer regarding the XRP Ledger:
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1. Decrease in on-chain activity:
Despite having over 300 banking partnerships, XRP usage on the network remains low due to compliance and security concerns, prompting institutions to use off-chain transfers.
2. Limited use of the network by Ripple:
The company itself does not use the decentralized exchange of XRPL much, as it needs to control liquidity providers to avoid legal risks.
3. Price volatility is not a permanent barrier:
Some users hold XRP despite its volatility as they see it as a strategic or investment option.
4. The importance of XRP in the stablecoin world:
XRP may remain essential as a bridge currency, as stablecoins are tied to local laws and cannot cover all financial pairs.
5. International trust:
The XRP Ledger is not controlled by Ripple and is open to everyone, but some countries may be cautious due to American ties.
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