This week, the eternally techie David Schwartz—Ripple’s resident wizard and CTO (imagine Dumbledore, but with fewer robes and more regulatory headaches)—leapt right into the Twitter trenches. The reason? Andrei Jikh, famed investor/YouTuber/general internet stirrer, was doing what he does best: plant seeds of existential dread about XRP’s real-world purpose. Oh, and make things go viral, obviously. 👀
Schwartz, possibly after a stiff drink, blamed the painfully dull on-chain volume on (you guessed it) regulations. The big baddy? Unpredictable strangers lurking on decentralized exchanges. “Not even Ripple can touch XRPL DEX with a ten-foot pole, payment-wise,” David confessed. Solution? Permissioned domains. Apparently, soon-to-be-released features will finally let institutions swap coins without worrying they’re accidentally trading with SatoshiNakamoto666 from Unknownlandia. Phew.
But wait, there’s more! People keep clutching their pearls about stablecoins vs. XRP. Schwartz waved this off with a practiced yawn. Volatility? Sometimes it’s actually your wingman, not your nemesis (don’t try this logic at a casino). When you want to move money across a jigsaw puzzle of currencies and stablecoins, XRP’s wild-child nature supposedly makes it a versatile bridge. Who knew chaos could be so functional?
Asked about giants like BlackRock picking XRPL over their own private chains, Schwartz got all philosophical. “Why doesn’t Circle want a USDC island?” he mused, hands probably air quoting luxury-fenced “ecosystem.” Turns out, liquidity likes a good party: the more the merrier, the more useful. Nothing says ‘alive’ like a bunch of banks doing the cha-cha on the same open network.
For the cherry on top: just because Ripple’s execs are shackled by regional licenses doesn’t mean XRPL is hiding in the shed. Globally, the ledger is as open as a “help yourself” buffet—anyone can jump in and move value (whether or not the world’s watching). And yes, David swears XRP remains the beating heart of Ripple’s payment machine, even if sometimes it’s doing cardio out of view. 🏋️♂️💸
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2025-08-01 08:51