Ripple CTO Defends XRP’s Utility in Face of Growing Competition

Ripple CTO David Schwartz defends XRP’s real-world role amidst growing competition from other blockchains like Solana and Ethereum. He highlights the unique benefits of XRP on the XRP Ledger, including its ability to ensure reliable global transactions without intermediaries or default risks. Schwartz also addresses market concerns about XRP’s declining utility, arguing that most cryptocurrencies are driven by future speculation rather than current usage.