Ripple CEO: XRP’s Success Depends on Real-World Utility
Brad Garlinghouse, the CEO of Ripple, has emphasized the importance of real-world applications and utility for the success of cryptocurrencies like XRP in the current bullish market. He believes that while market events play a role in driving the crypto market forward, true progress can only be achieved by translating market enthusiasm into practical use cases.
XRP’s Unique Utility
- XRP serves as a bridge currency, facilitating exchanges between crypto and fiat currencies for financial institutions.
- It enables faster and more efficient cross-border payments, offering practical solutions for payment transfers.
An XRP advocate and crypto analyst named “JackTheRippler” agrees with Garlinghouse’s viewpoint and suggests that if utility becomes the primary driver of a digital currency’s success, XRP could potentially emerge as the next Bitcoin in the market.
XRP Price Shows Signs of Growth
After a period of stagnant price growth, XRP is finally showing signs of a potential long-term bullish trend. The recent bull market frenzy and Bitcoin’s rise to new all-time highs have contributed to significant price increases for XRP.
Gralinghouse previously stated in an interview that Ripple sees XRP as central to their goals and values. By working with the system to solve real problems, Ripple believes they can unlock opportunities to create value in XRP.
As of now, XRP is trading at $0.69, reflecting a 12.66% increase over the last seven days according to CoinMarketCap.
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