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David Schwartz says it is hard to envision the XRP Ledger succeeding without XRP capturing a good fraction of that value. His comments come as 37 European banks embrace Ripple.
Why it matters
Schwartz's argument links the prospects of XRP to the success of the XRP Ledger, or XRPL. The distinction matters for investors assessing whether institutional adoption of Ripple's technology translates into value for the token.
Market impact
Schwartz's statement is a view on the relationship between network success and XRP value, not a price forecast. The claim about the 37 banks does not specify how they use Ripple or whether they use XRP.
Frequently asked questions
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What relationship does Schwartz see between XRPL and XRP?
He says it is hard to envision the XRP Ledger succeeding without XRP capturing a good fraction of that value.
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Why does the distinction between Ripple adoption and XRP matter?
Investors must assess whether adoption of Ripple's technology translates into value for XRP.
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How many European banks are described as embracing Ripple?
The claim says 37 European banks are embracing Ripple.
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Did Schwartz give an XRP price target?
No. His statement expressed a view on network success and XRP value rather than a specific price forecast.
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Do the 37 European banks use XRP?
The claim does not specify how the banks use Ripple or whether they use XRP.
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