Ripple CTO Once Said $1,000,000 Per XRP Is More Practical Than $1. Here’s why
Main Idea
Ripple CTO David Schwartz argued that a high valuation of $1,000,000 per XRP is more practical for large-scale payments than a low price, emphasizing transaction efficiency and liquidity.
Key Points
1. David Schwartz, Ripple's CTO, stated that a high XRP price is more practical for large payments, as it ensures liquidity and avoids market disruption.
2. Schwartz used Bitcoin's historical price movement as an example, showing how a higher asset price facilitates large transactions without excessive market impact.
3. XRP Governor highlighted Schwartz's comments to support the long-term potential of XRP reaching high valuations if adopted for global cross-border payments.
4. The discussion underscores the importance of asset pricing in transaction efficiency, particularly for large-scale financial operations.
Description
A resurfaced comment from Ripple’s Chief Technology Officer, David Schwartz, has drawn renewed attention following a tweet from crypto investor XRP Governor. The tweet references Schwartz’s Quora response from several years ago, in which he argues that a high market price for XRP is beneficial for its use in large-scale payments, rather than a hindrance to adoption. XRP Governor highlighted the implications of Schwartz’s perspective with the assertion: “Ripple CTO David Schwartz says $1,000,000 ...
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