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Tag: xrpl

  • Investment Firm CEO Drops Utility Bomb On XRP, Is Community Hype A Detriment?

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    Comments from Galaxy Digital’s leadership have looked into what ultimately sustains value in the crypto market. In a recent YouTube discussion centered on 2026 expectations for Bitcoin, crypto, and artificial intelligence, Galaxy Digital CEO Mike Novogratz and Head of Research Alex Thorn singled out XRP and Cardano, questioning whether even the strongest communities can survive if real usage fails to expand when users have a vast number of alternatives to choose from.

    Galaxy Digital Leadership Raises Questions About Community Versus Utility

    During the YouTube discussion, Mike Novogratz presented the utility debate through the lens of capital allocation. He explained that the real question is what an investor chooses when presented with many viable options. If capital can flow into something like SpaceX, then crypto assets must compete on similar grounds.

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    He acknowledged that XRP and Cardano both have deeply committed communities, but questioned whether that loyalty can be sustained if users do not see any real utility with those ecosystems. “Can Ripple hold it together? Can Cardano hold it together?” Novogratz said.

    In drawing comparisons, Novogratz referenced Charles Hoskinson, noting his success in maintaining Cardano’s community over time despite it being a “blockchain that people don’t really use a lot.” He made similar observations about XRP’s following, which has a strong community. However, he posed a direct question about sustainability: “Can you keep it together when there are more and more options?”

    Recent crypto market dynamics have caused capital flows to become more selective. Developers and teams behind blockchain ecosystems all know this, and this is why there has been a race to demonstrate usage, revenue models, or clear value flows tied directly to their tokens. According to Novogratz, that doesn’t happen overnight. It’s probably a year-long process, not a one to three-month process.

    Cardano And XRP Proving Real-World Relevance

    The questions raised during the Galaxy Digital discussion arrive at a time when both Cardano and XRP are actively trying to strengthen their utility narratives. Recent events have seen Cardano attempting to reinforce its practical relevance through initiatives like the Midnight sidechain. Midnight is a privacy-focused Cardano sidechain network designed to support confidential smart contracts and selective data disclosure. 

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    Midnight is intended as a way to attract enterprise and institutional use cases that require compliance-friendly privacy, an area where public blockchains have traditionally struggled.

    XRP, on the other hand, is taking a different path through Ripple’s hard work to increase the utility of the XRP Ledger. Ripple has been expanding utility around Ripple USD (RLUSD), its US dollar-backed stablecoin, including broader deployment across multiple Layer-2 networks. 

    Ripple has also been on a partnership spree this year in moves to strengthen the utility of the XRP ecosystem, with about $4 billion spent on major acquisitions in 2025. The company also recently partnered with Doppler Finance to explore collaboration in XRP-based yield infrastructure and real-world asset (RWA) tokenization on the XRP Ledger, which is another added utility.

    XRP trading at $1.87 on the 1D chart | Source: XRPUSDT on Tradingview.com

    Featured image from Pxfuel, chart from Tradingview.com

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    Scott Matherson

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  • XRP Forecast Turns Explosive As Canadian Experts Highlight Massive FinTech Utility

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    My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

    My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

    I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

    When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

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    Godspower Owie

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  • XRP’s Next Earthquake: Billions Set To Flow In, ‘Supply Shock’ Coming—Analyst

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    According to reports, Evernorth — a Ripple-backed treasury firm — has agreed to merge with Armada Acquisition Corp II and plans to list under the XRPN ticker.

    The SPAC deal aims to raise $1 billion to build what Evernorth calls a large XRP treasury. Ripple and co-founder Chris Larsen contributed XRP to the project.

    Nine days after the SPAC announcement, reports said Evernorth had already received $1 billion worth of XRP. The merger is targeted to close in Q1 2026.

    On Contributions & Cash Buying

    Because the early inputs were paid in XRP rather than cash, immediate upward pressure on exchange order books did not happen.

    Market purchases require fiat or cash to be placed into public markets. SBI’s announced $300 million cash pledge is one example of money that could be used to buy XRP outright.

    But so far most of the headline amounts are XRP moved into a treasury, not fresh cash hitting exchanges.

    Analyst Signals Incoming ‘Shock’

    Vincent Van Code, a software engineer and active voice in the XRP community, told followers on X that the bigger event may still be ahead.

    He said the IPO itself could bring billions in new cash. If those funds are later used to buy XRP on the open market, he warned, existing supply could tighten and a “supply shock” might follow.

    Van Code did not offer a fixed timetable. Other commentators, including a market voice known as Nietzbux, have already framed the development as strongly bullish for XRP.

    Why The Timing Matters

    Based on reports, the sequence is what could change prices: cash raised first, then purchases on public markets. If that order is reversed — cash arrives and large buys follow quickly — liquidity could be tested.

    Exchanges have varying depth. A single large buyer can move prices more in thin markets than in thick ones. That is simple market mechanics. It is also why some community members are watching the SPAC schedule closely.

    XRP’s Role And The Broader Narrative

    A number of developers and analysts now speak of XRP not only as a payment bridge but also as a treasury asset inside the XRPL ecosystem.

    Van Code suggested that a time may come when people keep a big share of their wealth in XRP and on the XRP Ledger.

    Ripple’s CTO David Schwartz has emphasized similar ideas about self-custody and on-ledger utility. Those themes are being reused as part of the argument for long-term demand.

    Featured image from Gemini, chart from TradingView

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    Christian Encila

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  • XRP’s 100 Billion Supply Is By Design – Insider Reveals Why

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    A discussion has surfaced within the crypto community regarding the reasoning behind XRP’s fixed supply of 100 billion tokens. For years, enthusiasts and investors have questioned why Ripple opted for such a large figure when most cryptocurrencies operate with far smaller caps. Ripple’s Chief Technology Officer, David Schwartz, recently addressed the question on the social platform X, shedding light on the considerations that guided the early design of the XRP Ledger.

    Technical Foundations Behind XRP’s 100 Billion Supply

    David Schwartz was one of the original architects behind XRP and the XRP Ledger in 2012, and as such, he possesses unmatched insight into the cryptocurrency’s tokenomics and the rationale that shaped its design. His response to the question regarding XRP’s 100 billion supply design revealed that the decision was rooted in technical precision and deliberate effort to balance the functionality of the token’s architecture.

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    The first layer of reasoning behind XRP’s supply lies in its technical design. According to Schwartz, the developers of the Ledger sought a number that would provide adequate divisibility for the token. This level of divisibility allows XRP to be functional across both high-value institutional payments and smaller, everyday transactions.

    Equally important was the need for the total supply to fit cleanly within a 64-bit integer, a standard data type used in computing to store numerical values efficiently. This decision minimizes the risk of overflow errors or arithmetic inconsistencies in the ledger’s codebase. A supply as large as 100 billion allows the system to handle every transaction amount accurately while preserving performance and compatibility with conventional software frameworks.

    Usability And Design Simplicity

    Aside from the technical justifications, the choice of 100 billion was also made with human usability in mind. As noted by Schwartz, the third reason for XRP’s 100 billion circulating supply is that the number is easy for humans to remember. 

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    Ripple’s architects wanted a total supply that was easy to communicate, recognize, and remember. A round, memorable number like 100 billion conveys clarity to users and traders.

    Although XRP has a maximum supply of 100 billion tokens, not every token is currently in circulation. At the time of writing, XRP has a circulating supply of 60.1 billion tokens.

    At the launch of the Ledger, a total supply of 100 billion XRP was pre-mined and fixed. Of this amount, approximately 55 billion XRP were placed into escrow contracts controlled by Ripple to control how many tokens enter the market over time.

    At the time of writing, about 35 billion XRP tokens are currently locked in escrow and waiting to be released into circulation. Each month, up to 1 billion XRP is released, and any unused portion (about 70% to 80%) is typically placed back into escrow. As part of the schedule, Ripple is going to unlock another 1 billion XRP from escrow on November 1. At the time of writing, XRP is trading at $2.51, up by 0.9% in the past 24 hours.

    XRP trading at $2.50 on the 1D chart | Source: XRPUSDT on Tradingview.com

    Featured image from Freepik, chart from Tradingview.com

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    Scott Matherson

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  • Ripple’s Interledger Protocol Bridges XRP Into SWIFT Network — Here’s How

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    Ripple is taking another bold step toward mainstream finance by extending the reach of its Interledger Protocol into the SWIFT network, regarded as the backbone of global payments. By enabling interoperability between two of the most influential payment ecosystems, Ripple is positioning XRP as a key player in the future of international money movement.

    Could XRP Become A Standard For Settlement?

    The strategy for mainstream adoption of the XRP Ledger (XRPL) and its native asset, XRP, is intricately linked to the Interledger Protocol (ILP). As highlighted by researcher SMQKE on X, Ripple’s approach is to become an essential part of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, providing an interoperable layer that seamlessly bridges the old and new financial worlds.

    This Interledger Protocol is designed to synchronize separate ledgers without forming a new one, while acting as a connective tissue across financial systems. In many ways, it mirrors SWIFT’s own structure, where the successful processing of a payment message creates binding obligations to pay between nodes and intermediaries.

    However, ILP is Ripple’s core strategy for mainstream adoption of the XRP Ledger. By making ILP fully compatible with SWIFT, Ripple ensures that both XRP and its technology can plug into the world’s most dominant payment network. 

    What’s important about this move is the fact that Ripple itself is now often described as evolving into the Interledger Protocol initiative. Ripple understood that the world would never standardize on a single ledger, which is why it built ILP to enable interoperability to bridge across multiple systems.

    Meanwhile, this approach is reinforced through the ISO 20022 adoption to ensure that the entire transaction is secure, seamless, and scalable, offering a superior settlement experience that coexists with the bank’s existing messaging connectivity across the global financial infrastructure. “The strategy is clear: one protocol (ILP), unlimited networks, and seamless XRP movement,” SMQKE noted.

    The Promise Of Financial Freedom With XRP

    As the crypto landscape expands, XRP has been hailed as an asset that could offer financial breakthroughs. The sentiment expressed by Traveler2236 points to a profound vision of global financial inclusion and the end of economic inequality enforced by legacy systems. His core claim is that there will come a day when XRP will unleash dreams beyond imagination. 

    Also, there will be no denials because of a credit score, and no more doors closed because your income doesn’t match some arbitrary outcome. Traveler2236’s statement is not merely a prediction, but a declaration of certainty, bordering on a personal epiphany. “This isn’t a dream anymore, it’s happening right now,” the expert stated.

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    Godspower Owie

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  • Ripple’s XRP Ledger Just Introduced A Pivotal Update In Its Quest For Dominance

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    New updates have been made to Ripple’s XRP Ledger (XRPL) as the network looks to dominate and gain more traction. This is also a positive for XRP, which serves as the network’s bridge currency. 

    Ripple’s XRP Ledger Gets A New Update

    In an X post, XRP validator Vet revealed that the credentials amendment on the XRP Ledger is now active. He explained that credentials can be applied to attest to compliance requirements, such as KYC and AML, for a user or institution and issued to their decentralized identity. This helps to further build trust in the network.  

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    Vet also noted that the amendment has all been done natively on the XRP Ledger. Notably, this update is part of a larger move to enable compliance amendments on the network. With decentralized identities and credentials implemented, Vet indicated that their next focus is to work on the permissioned domains and permissioned DEX.

    Ripple and other XRP Ledger stakeholders aim to utilize these compliance amendments to attract more institutions to the network, enabling them to adhere to traditional finance (TradFi) standards even on-chain. This also comes as the network aims to become the go-to for tokenization. Ripple recently stated that 10% of global assets will become tokenized by 2030, and is undoubtedly looking to tap into this trillion-dollar market.

    Ripple Engineer Breaks Down Significance Of This Update

    In an X post, Ripple engineer Kenny explained that the credentials update gives developers and businesses a way to handle identity checks and compliance requirements directly on the XRP Ledger. With these, they do not need to approve each account one by one manually.  The Ripple engineer noted that traditionally, verifying user credentials like KYC requires multiple checks across different platforms. 

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    Kenny remarked that this process isn’t only inefficient but also increases privacy risks because sensitive information has to be shared multiple times. As such, this makes the XRP Ledger credentials update vital. The Ripple engineer revealed that this feature enables credentials to be issued, stored, and verified natively on the XRPL. 

    He noted the benefits of how this allows users to prove a required criterion without undergoing repeated verification. Kenny also stated that this will improve the onboard process and enhance security, while maintaining privacy. The Ripple engineer further gave an example of what a typical flow will look like using this credentials feature. 

    A business will define the credentials it requires, such as the KYC, then a trusted issuer creates and signs that credential. The user then accepts and stores these credentials in their XRP Ledger account. That way, the credential is checked on-chain whenever the user interacts with the business.

    At the time of writing, the XRP price is trading at around $2.83, up in the last 24 hours, according to data from CoinMarketCap.

    XRP trading at $2.81 on the 1D chart | Source: XRPUSDT on Tradingview.com

    Featured image from Adobe Stock, chart from Tradingview.com

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    Scott Matherson

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  • Google Joins Microsoft To Run Nodes On The XRP Ledger? Here’s The Tea

    Google Joins Microsoft To Run Nodes On The XRP Ledger? Here’s The Tea

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    The crypto community is running with a mix of optimism and caution as rumors fly about Google’s possible engagement with the XRP Ledger. 

    Google And XRP Ledger Buzz 

    CEO of Alpha Lions Academy and Head of Social Adoption at XRP Healthcare, Edo Farina, released a screenshot on X (formerly Twitter) on Tuesday, showing data of computers running nodes on the XRP Ledger (XRPL) and their IP addresses. 

    In the list of addresses, an IP said to be hosted by US tech giant Google, was displayed. Google’s LLC was also listed as an Internet Service Provider (ISP). 

    From the data displayed, Farina had concluded that Google was running XRPL nodes similar to Microsoft, a leading global vendor of computer software that runs an XRPL validator node via its Azure Blockchain as a Service (BaaS). 

    “Following Microsoft steps, more recently GOOGLE is currently running XRPL nodes,” Farina stated.

    The speculation of Google running a node on XRPL caused a stir in the XRP community as many community members are hopeful that Google’s involvement in XRPL would boost the position of XRP in the crypto market. 

    There have also been mixed reactions in the community, with some members raising doubts and attempting to provide more clarity on the data disclosed in the screenshot.

    A prominent XRPL Ambassador, Daniel responded to the post, stating that the IP thought to be owned by Google was a google cloud platform IP address which is likely a result of someone running Ripple on Google Cloud’s infrastructure. 

    “This is Google Cloud IP, it’s more likely that someone runs rippled on it, which means a customer is doing it,” Daniel said.

    XRP market cap currently at $33.008 billion. Chart: TradingView.com

    XRPL Layer-2 Platform Update

    Evernode, a layer 2 smart contract solution built on the XRP Ledger recently released an update regarding its launch. 

    The platform has scheduled its launch target date for the 27th of November and following the smart contract platform’s takeoff Evernode has announced it would plan an airdrop to XRP investors who hold a large number of Evers. 

    About 5,160,960 Evers would be distributed to XRP holders with at least 50,000 XRP tokens on XRPL to their Xahau wallets.. 

    The platform has also made a few changes for the upcoming beta tester airdrop, incorporating a 500 Evers fee for registration and airdropping a full gift to beta hosts during the launch. 

    Featured image from Shutterstock

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    Scott Matherson

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