Ex-Ripple Executive Explains Why XRP Is “Intrinsically Important” to Ripple
Main Idea
Former Ripple executive Marcus Treacher explains that XRP is intrinsically important to Ripple's long-term strategy for cross-border payments, emphasizing its utility over short-term price fluctuations.
Key Points
1. Marcus Treacher, former Ripple executive, highlights XRP's strategic role in Ripple's business model for cross-border payments, focusing on long-term utility rather than short-term price movements.
2. XRP is described as an intrinsic component of the future model for cross-border payments, aimed at addressing issues like delays, high costs, and lack of transparency.
3. Ripple is working to create 'incentive value' for XRP by integrating it into systems that improve cross-border payment efficiency.
4. Treacher expresses confidence in XRP's resilience and expects it to grow healthily in the coming years as blockchain-based financial systems develop.
5. The article notes that XRP has recently surpassed its 2018 peak, but its long-term value lies in its utility within Ripple's payment infrastructure.
Description
The current market value of XRP continues to raise questions among observers who expect higher prices from a digital asset tied to real-world utility. Despite its established role in cross-border payment systems, XRP has only recently surpassed its 2018 peak . The years it spent below this level raised questions among many market participants. SMQKE (@SMQKEDQG), a prominent crypto researcher, shared a video on X where Marcus Treacher, former Senior Vice President of Customer Success at Ripple, a...
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