‘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

Bitcoin, Ethereum and XRP Price Prediction: Will Interest Rate Decision Revive Buying Demand?

The post Bitcoin, Ethereum and XRP Price Prediction: Will Interest Rate Decision Revive Buying Demand appeared first on Coinpedia Fintech News Last week, Bitcoin (BTC) experienced significant

Bitcoin Options Market Shows Bullish Bias – Heavy Put Positions Signal Caution, Volatility Ahead

Bitcoin (BTC) continues to experience massive selling pressure as global trade war fears and macroeconomic uncertainty fuel market-wide fear The price is holding above the critical $80K level but

While Gold Recently Broke $3,000, Bulls Believe It Still Has Legs

Bulls assert that the current state of macro trade tensions, fueled by the Trump administration’s ongoing threat of tariffs, might propel gold to levels never seen before Gold Continues to

Cardano Is ‘About To Break Free’ – Breakout Above Crucial Supply To Trigger A Big Move–Analyst

Altcoins and Cardano have been caught in extreme market swings, with high volatility and panic-driven sell-offs dominating price action Since the start of March, ADA has lost over 44% of its value,

Here’s Why Dogecoin And XRP Prices Are Jumping Again

The Dogecoin and XRP prices are jumping again, having witnessed massive declines earlier this week alongside the broader crypto market This price surge occurred due to several factors, including the

Crypto CEO Falls: AML Bitcoin’s Founder Faces 30 Years for Fraud and Laundering

A cryptocurrency CEO has been convicted of wire fraud and money laundering after deceiving investors, raising millions through false claims, and laundering funds for personal luxury purchases AML