David Schwartz Says XRP Will Be Cheaper for Payments When the Price Goes Higher
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David Schwartz (former Ripple CTO) says XRP will become cheaper for payments as the token price rises, referencing his 2017 comment that utility is independent of dollar value. XRP community sentiment is broadly bullish, with focus on functionality and payments utility over pure price speculation. Implication for crypto markets: a higher XRP price could improve on-chain payment efficiency and adoption, reinforcing XRP's utility narrative in DeFi and payments use cases.
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- David Schwartz believes XRP’s utility cost will decrease when the token’s price rises.
- There is a prevailing bullish sentiment across XRP’s community members.
- XRP’s bullish appeal appears to be more about functionality than mere prediction.
Former Ripple CTO David Schwartz has made a statement that got the XRP community buzzing about the cryptocurrency’s price dynamics. Schwartz’s comment was in response to a community member seeking an explanation for his 2017 opinion about XRP’s price, in relation to how the altcoin has developed.
A Post From the Past
In 2017, Schwartz criticized crypto community members for saying that XRP was “dirt cheap.” Back then, he stated that it makes no difference whether XRP costs $1 or $1 million, since the token’s utility would remain the same and the cost of using it would be constant.
As for the latest clarif…
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