David Schwartz on XRP Price and Its Use for Payments

David Schwartz on XRP Price and Its Use for Payments

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. David Schwartz's Position on XRP
  2. XRP Price Changes and Their Impact on Payments
  3. Prospects for Using Cryptocurrencies for Payments

    4. In a recent discussion on social media, Ripple's CTO David Schwartz shared his thoughts on the current price of XRP and its use for payments.

    David Schwartz's Position on XRP

    David Schwartz stated that he holds XRP and if there were a way to increase its price, he would do so. In response to a comment about XRP being cheap for seven years, Schwartz explained that this statement doesn't make sense. He clarified that regardless of the price of one XRP unit, it will require an equivalent amount of XRP to transfer $1 million.

    XRP Price Changes and Their Impact on Payments

    Schwartz noted that a low XRP price makes payments more expensive. He compared the situation to Bitcoin, explaining that when Bitcoin was worth $300, it wasn't practical to use it to buy a house. However, as Bitcoin's value increased, such payments became more feasible. Similarly, a low XRP price makes payments less efficient from an institutional perspective. According to him, 'that won't make your payments cheaper. 

    It'll just mean that buying and selling the same value of XRP moves the market against you more, making payments even more expensive.David Schwartz

    Prospects for Using Cryptocurrencies for Payments

    Schwartz shared his thoughts on using cryptocurrencies like XRP for payments. He highlighted that there are very few cryptocurrencies being used for this purpose right now. Although XRP is widely available, ranks in the top five by market capitalization, and offers low fees with fast transaction times, it still isn't used much for payments. According to Schwartz, this is due to the same reasons that are holding back other cryptocurrencies from being used more in payment systems.

    David Schwartz expressed his position on the value and usage of XRP, highlighting the issues with low pricing and its impact on payments. Despite potential benefits, many cryptocurrencies, including XRP, have yet to find their place in payment systems due to existing barriers.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Elon Musk Proposes Public Shares Plan Amid AI Discussions

Elon Musk proposed giving shares from Anthropic's Public Benefit Fund directly to the public to support nonprofits and address AI's impact on workers.

user avatarLucas Weissmann

SpaceX Falcon 9 Launch Scheduled for October 19

SpaceX is preparing for a Falcon 9 rocket launch from Cape Canaveral on October 19, 2026, at 6:30 AM ET, which may create a jellyfish effect. Weather conditions currently pose a threat with only a 55% chance of favorable conditions.

user avatarRajesh Kumar

Cardano's Stablecoin Market Surpasses 702 Million

As of October 18, Cardano's stablecoin market has reached a notable milestone, with the total supply of dollar-pegged tokens hitting approximately 702 million.

user avatarFilippo Romano

Aptos Reports Token Burn and Staking Emissions

Aptos has burned approximately 174,570 APT in the last 30 days while issuing around 15 million APT through staking.

user avatarEmily Carter

Cross River Bank Integrates Ripple's RLUSD Stablecoin for Enhanced Payment Solutions

Cross River Bank integrates Ripple's RLUSD stablecoin to enhance payment solutions for fintech customers.

user avatarTomas Novak

Stocklinked Tokens in DeFi Surge to $2.624 Billion

Stocklinked tokens in decentralized finance reached approximately $2.624 billion by the end of September 2026, marking an 18-fold increase from the beginning of the year.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.