Ripple CTO David Schwartz expressed the possibility of an XRP-only system, highlighting potential constraints regarding broader customer attraction.
Ripple's Stance on XRP Usage
David Schwartz stated that Ripple could potentially offer a system using XRP exclusively. However, he believes that this would reduce network effects and severely limit the company's ability to attract a broader scope of customers.
Decisions in the Company’s Early Days
In its early days, Ripple had to decide how heavily its enterprise payment solution would depend on XRP. Initially, offering non-XRP options was viewed as the only viable path to avoid limited potential.
Future Plans and Global Achievements
Schwartz highlighted that the company now prioritizes Ripple Payments Direct. Meanwhile, the company's business continues to gain momentum globally, including securing a significant regulatory license in the UAE for payments.
Schwartz's comments on XRP usage reflect the ongoing balance that Ripple must maintain. The company's focus remains on global success and evolving its payment solutions.
