No One Is Using XRP, Wall Street Vet Says
Main Idea
Wall Street veteran Fred Krueger claims that XRP has no real-world utility, sparking debate within the XRP community, while others argue it is used for transactions and niche applications.
Key Points
1. Fred Krueger, a Wall Street veteran and Bitcoin maximalist, asserts that 'not one actual human being is using XRP,' dismissing its utility.
2. Some XRP community members counter Krueger's claim by citing examples of XRP being used for transactions, meme coins, and NFTs on the XRP Ledger (XRPL).
3. A 2020 study found that 96% of XRPL transactions had no economic value, raising questions about the token's adoption and utility.
4. Krueger has a history of criticizing XRP, previously listing it alongside other cryptocurrencies he views unfavorably, such as Cardano (ADA) and Chainlink (LINK).
5. Despite skepticism, XRP's adoption by banks remains limited and anecdotal, with no significant mainstream financial integration reported.
Description
XRP holders have pointed to some common use cases associated with the third-largest cryptocurrency to showcase its utility
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