‘Ripple is Never Going to Win’: Popular Author Questions XRP’s Real Use Case

Share This Post

XRP News Today:

The post ‘Ripple is Never Going to Win’: Popular Author Questions XRP’s Real Use Case appeared first on Coinpedia Fintech News

Despite ongoing legal battles, Ripple’s XRP token continues to garner increasing attention, with many in the crypto space showing optimism about its future. A recent survey by Patrick Bet-David showed this shift, showing that 43.8% of respondents believe Ripple has the best long-term tech, while Bitcoin only received 35% of the vote. According to social media, Bitcoin investors are feeling frustrated and confused by the growing excitement surrounding the XRP community. 

Eric Yakes, author and Managing Partner at EpochVC, expressed his thoughts on the situation, explaining that Ripple’s long-standing presence in the market has sparked interest. “Ripple has been around since 2012, and the question remains: How has it been used? What’s been done with it?” Yakes said. While Ripple’s network initially aimed to facilitate remittance payments and serve as a banking settlement system, its focus has shifted toward creating a Central Bank Digital Currency (CBDC), a direction Yakes opposes.

“Its best case scenario is that it’s a CBDC and its XRP token is not going to be used for that. There isn’t value that’s going to accrue to that token, so if you’re thinking that, it’s never going to win,” he said.

Despite concerns over its past marketing tactics, Ripple’s ability to generate significant value through a large pre-mine and effective marketing campaigns has caught the attention of investors. 

Ripple’s involvement in facilitating payments through RippleNet currently sees $7 billion in payments processed annually, even amid an ongoing lawsuit with the SEC. This success has created a narrative that’s helping XRP gain traction, leaving Bitcoin investors questioning why Ripple’s project is thriving in the face of adversity.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Crypto News: Bank of Korea Rejects Bitcoin for Foreign Exchange Reserves

The post Crypto News: Bank of Korea Rejects Bitcoin for Foreign Exchange Reserves appeared first on Coinpedia Fintech News The Bank of Korea (BOK) has firmly stated that it has “never

Coinbase’s Government Network Expands—145 US and 29 Global Entities Onboard

Coinbase is deepening ties with 145 US government entities as the nation accelerates bitcoin adoption, signaling unprecedented institutional demand and a seismic shift in crypto policy Coinbase

Ripple News Today: XRP Proposal Aims to Unlock $1.5 Trillion for Bitcoin Reserves

The post Ripple News Today: XRP Proposal Aims to Unlock $15 Trillion for Bitcoin Reserves appeared first on Coinpedia Fintech News After a long legal tug-of-war under Biden’s leadership, Ripple is

Peter Schiff: Bitcoin Could Crash Below $65K if Nasdaq Enters a Bear Market

Bitcoin faces a steep decline if the Nasdaq downturn deepens, warns Peter Schiff, predicting a wave of panic selling that could shake investor confidence and destabilize markets Peter Schiff Predicts

SEC vs Ripple: How Lawsuit Over XRP Could Wrap up in Days

A legal expert has outlined how the SEC’s lawsuit against Ripple over XRP could end within days, but a major hurdle—navigating the court’s injunction—may complicate the

Is The Bitcoin Cycle Peak In? Historical Halving Data Suggests Upside Potential Into Late 2025

Bitcoin is now down over 29% from its all-time high (ATH) in January, and speculation about a coming bear market is growing among investors After weeks of heavy selling pressure, Bitcoin has entered