Ripple’s Commitment to XRP and Community Engagement
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Ripple’s CEO Reaffirms Commitment to XRP
Ripple’s CEO, Brad Garlinghouse, has emphatically stated that XRP remains a central focus for the company, even as it broadens its business ventures. This confirmation arrives just before the much-anticipated XRP Community Day, a significant event expected to unveil substantial developments for enhancing the token’s utility.
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Brad Garlinghouse’s Recent Statements
In a recent social media post, Garlinghouse emphasized that the XRP community will always hold the highest priority for Ripple. This assertion was in response to community member Mr. Man, who critiqued those questioning Ripple’s dedication to using XRP as a bridge asset. Garlinghouse assured that the company’s vision remains steadfast, with XRP continuing to be integral to their mission of enabling the Internet of Value.
Ripple’s Institutional DeFi Roadmap
Mr. Man’s comments touched on Ripple’s institutional DeFi strategy on the XRP Ledger (XRPL), positioning XRP as a key settlement and bridge asset. Despite rumors suggesting the RLUSD stablecoin might supplant XRP, Ripple clarified that XRP continues to serve as a bridge asset between the stablecoin and other digital tokens.
Expert Opinions on XRP’s Role
David Schwartz, Ripple’s ex-CTO, once highlighted that the RLUSD cannot replace XRP as a bridge asset due to XRP’s broader global acceptance and its lack of jurisdictional limitations. Ripple has also underscored XRP’s foundational role in base-layer operations, like reserve requirements, transaction fees, and facilitating foreign exchange and lending transactions.
The XRP Community Day: A Two-Day Event
The eagerly awaited XRP Community Day is taking place over the next two days. Today’s sessions focus on Europe, the Middle East, Africa (EMEA), and the Americas (AMER), while tomorrow’s events will cater to the Asia-Pacific (APAC) region. Key speakers include Brad Garlinghouse, Ripple President Monica Long, Chief Legal Officer Stuart Alderoty, and David Schwartz.
Agenda and Key Participants
Ripple has outlined that the sessions will explore regulated XRP products, including established institutional offerings, wrapped XRP, and new innovations that will amplify XRP’s utility. The XRP Innovation Spotlight will feature collaborations with Ripple-backed XRP Treasury firm Evernorth, crypto exchange Gemini, and Wormhole, showcasing current usage of XRP and future strategic plans. Additionally, Bitwise’s Chief Investment Officer, Matt Hougan, will discuss the expansion of regulated XRP investment products.
Current Market Performance
As of the latest reports, XRP is valued at approximately $1.38, reflecting a 4% decline over the past 24 hours, as per CoinMarketCap data.
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