In a recent statement via Twitter, Ripple CTO David Schwartz addressed claims of XRP price manipulation, highlighting the 13-year track record of the XRP Ledger and its institutional adoption.
Schwartz on XRPL and Institutional Adoption
David Schwartz emphasized the 13-year history of the XRP Ledger, underlining its significance as a global financial infrastructure. He noted its stability and wide institutional support as evidence of its reliability.
Response to Centralization Allegations
Schwartz defended XRPL, stating that Ripple's influence on network validators is minimal. He pointed out that critics express concerns about centralization, yet he insists on the trust in XRPL that has been proven over a decade.
Future of XRPL in Competitive Landscape
Schwartz highlighted XRPL's advantages, such as low transaction fees and its role as a bridge asset. Despite the absence of new partnerships, XRPL continues to strengthen its position in the payments industry.
XRPL demonstrates resilience and reliability in the face of competition from new blockchains, focusing on technological updates and institutional adoption.
