Volatility is not a Worry for Ripple (XRP): David Schwartz

For a very long time now, Ripple is one of the most popular and talked-about cryptos in the network. However, the price of its token did not gain parallel as its development did for the last months. Which is why, the team behind the platform made sure during the Blockchain Week they would not let down the enthusiasts that believe in Ripple.

David Schwartz on Ripple XRP 

Based on statements that XRP team did over time, it is looking like they are concentrating more on showcasing real life uses and utilization for Ripple and its solutions than attempting to hoist its value.

It is very positive and promising to see that the team running the Ripple show, sees XRP as a digital asset that has all of its value come from its technological potential.

During the Blockchain Week, one of the most important events was Consensus 2018 which grouped many crypto-lovers. But, the numbers were lower than expected.

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Co-founder of Ethereum – Vitalik Buterin, boycotted the Consensus with many reasons to support his stand. One of them is that the attendance fee of $2,000 – $3,000. Not too many Crypto-enthusiasts can afford to ‘cough out’ that amount of money. Buterin had this to say about the attendance charge at the event:

“Also, by the way, the conference costs $2-3k to attend. I refuse to personally contribute to that level of rent seeking.”

For those who went, Ripple held a live demonstration of its xRapid product. It was showcased how the liquidity service delivers a very smooth user-end experience with the credit to its technology. Tech that allows secure and speedy exchanges to take place.

One of the original architects of the Ripple consensus network and present Chief Cryptographer at Ripple – David Schwartz talked about volatility.

Mr. Schwartz explained how users of Ripple’s xRapid product are not obligated to by Ripple to use it. That not-existing condition equals to volatility possibly seizing to exist for Ripple at least.

Users don’t have to worry about the volatility, claims Schwartz, as users don’t have to invest in XRP in order to use Ripple’s services.

Ripple Coil Business Model

Ripple’s CTO – Stefan Thomas, has announced via twitter a new start-up building micropayment apps on interledger and XRP.

To have better rewards for individuals using the platform while producing better incentives for digital content and apps, the business model will use Ripple’s interledger protocols.

Evans Schwartz and Chris Larsen from Ripple joined the team of the model.


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Author Alex Tomzack 
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