Recent claims by Fred Krueger, a Wall Street veteran, have triggered a heated discussion within the XRP community regarding its real-world usage and applicability.
Expert's Statement and Its Impact
Fred Krueger, an experienced trader from Wall Street, stirred outrage in the XRP community by boldly claiming that no real person uses the token. He stated that simply holding the token does not equate to it having real utility.
Community's Response and Usage Examples
In response to the critique, members of the XRP community began sharing examples of active usage of the token. Matt Hamilton, a former Ripple director, claimed to have used XRP to transfer money from the UK to the US, emphasizing its speed and low cost. Users also mentioned purchasing meme coins and NFTs on the XRP Ledger.
Debate Over XRP's Future
Despite the community's defense, Krueger maintains that XRP lacks real-world applicability, unlike Bitcoin, and is merely a speculative asset. He referenced a past study from 2020 indicating that most XRP Ledger transactions had non-zero economic value. The discussion on XRP's usefulness continues, with sharp divides between supporters and critics.
Krueger's statements have reignited discussions on XRP's real-world application. Proponents present active usage cases, while critics argue about its practical utility.
