Ripple CTO David Schwartz said the company could launch an XRP-only system if it wished. He shared his thoughts on X (Twitter). Schwartz stated that only one action truly requires XRP: submitting a transaction to the XRP ledger.
Everything else can be done in different ways. He explained that, in the early days, Ripple had little choice but to offer non-XRP options. At that time, limiting the options would have restricted their reach.
Focus on Customer Experience
Schwartz emphasized that offering a single option would have reduced network effects. He noted that an XRP-only system would limit the range of potential customers. Instead, Ripple chose to provide the best experience possible.
They offer both XRP and alternative options to meet diverse needs. Schwartz explained, “I do not force my preferred technology on others.” He said that his goal is to make his favored technology the best for any use case.
This approach allows customers to decide what works best for them. Over time, Ripple shifted its focus. They began to target customers more likely to use XRP. Later, they focused on customers who would use XRP immediately.
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Today, the company prefers a route that includes RPD. This strategy helps onboard new users. It also gives Ripple full control of the customer experience.
XRP’s Price Actions and Developments
Currently, XRP trades at $2.27. The price is up by 4.11% in the last 24 hours. The global market cap of XRP stands at $2.27 billion. However, the 24-hour trading volume is down by 16.16%.
These figures show mixed market performance. Meanwhile, Ripple whales have stirred the market. They accumulated nearly 1 billion XRP tokens in two days just one week ago. This move has raised interest among investors and market watchers.
Global Expansion and Strategic Alliances
Ripple is building its global presence. Recently, Ripple and BDACS formed a strategic alliance. BDACS is a well-known custody firm in Korea. This partnership aims to support institutional custody for XRP and Ripple USD.
In addition, Ripple secured a major license in the UAE. This license will enable Ripple to offer regulated payments. These steps reflect Ripple’s growth in regulated markets. They also enhance the company’s reputation and global reach.
Schwartz’s comments reflect Ripple’s balanced approach. They are open to offering an XRP-only system. Yet, they choose not to limit themselves to one technology. Instead, they focus on what is best for their customers.
Also Read: Ripple’s $XRP Sees Surge In Active Addresses By 620% As Market Momentum Shifts, Price Up 5%