Recent comments from online entrepreneur Andrei Jikh have sparked a wave of discussions surrounding Ripple, the company behind the cryptocurrency XRP. Jikh raised questions regarding the transparency and openness of Ripple's projects.
General Questions About Ripple
Andrei Jikh accused Ripple of lacking verifiable data regarding its operations in response to claims about over 300 bank partnerships. According to him, such data is crucial for assessing the company's real successes.
Responses from Ripple's CTO
Ripple's CTO David Schwartz responded to Jikh's inquiries, noting that many institutions prefer to use digital assets off-chain for various reasons. Schwartz added that this trend is expected to change soon, as institutions begin to recognize the benefits of blockchain operations.
Current XRPL Metrics and Its Future
Launched in 2012, XRPL continues to attract attention from many market players. However, recent reports indicate a decline in activity on the platform in Q1 2025, raising questions about XRPL's future role in financial transactions.
Discussions surrounding Ripple and its projects persist, and transparency remains a crucial topic for investors and users alike. Given the recent events, the future of the company's assets may depend on their ability to adapt and maintain openness.
