Ripple CTO David Schwartz has responded to criticism surrounding the XRP Ledger (XRPL) by VanEck’s Matthew Sigel, who questioned its financial benefit for holders. Schwartz emphasized that the XRPL serves a primary purpose for payments and asset management, not as a passive income tool. In his perspective, XRP’s value lies in the token itself, not network profits. This statement follows Sigel’s tweets regarding a lack of understanding about the XRPL’s function. While this sparked debate among crypto community members, some argue that recent institutional developments have made dismissing the XRPL inaccurate. Notably, community member Lon Copper challenged Sigel’s claims, suggesting his criticism lacks credibility. The discussion highlights ongoing efforts within the XRP Ledger community to demonstrate its utility in a broader financial context.