The CTO of Ripple talks about the key strategic elements that could lead to an increase in the value of XRP.

David Schwartz, the Chief Technology Officer (CTO) of Ripple, explained how the XRP Ledger’s payment engine emphasizes the liquidity of XRP during transaction processes and utilizes auto-bridging to link less liquid asset pairs. He highlighted that XRP has a competitive advantage due to its ability to offer speedy and cost-effective settlements for financial institutions. Additionally, Schwartz addressed the elements that could contribute to a rise in XRP’s price. To support his case, he explained that XRP serves as the fundamental component of the XRP Ledger. During the Apex 2024 panel, Schwartz explained that the smooth functionality of XRPL in both financial and corporate payment uses is dependent on XRP. Ripple’s CTO commented on the potential of XRP. At the beginning of the panel, discussions focused on the factors that influence the rise in XRP’s price. They also inquired about the extent to which its usefulness for financial operations was considered at both local and corporate levels. In his introductory remarks, Schwartz claimed that XRP occupies a “special position” at the heart of the XRPL. He further clarified, “XRP is the sole token that can be used to pay transaction fees.” Due to its distinct characteristics, XRP offers a functionality that other tokens do not, making it essential for all transactions conducted on the ledger. “It’s the sole token that every account is capable of receiving,” he mentioned.