CEO of Ripple Brad Garlinghouse it also confirmed that XRP remains very important to the crypto company even as it continues to expand its operations. This comes ahead of XRP’s Public Day, when the company is expected to make major announcements that could boost the token’s usage.
Ripple CEO Confirms XRP Remains Important
In an X postGarlinghouse said the XRP family has and will always be at the top of Ripple. This came from a statement by a member of the public, Mr. Man, criticize those who say Ripple is not true to their word no. XRP as a bridge asset. He added that the vision has not changed and the direction remains consistent.
The CEO responded that he was glad to see the message finally clear, as they consider XRP very important. This is compatible Garlinghouse’s statement earlier this year, where they announced that XRP has been and will continue to be the heartbeat of their vision to create an Internet of Value.
Meanwhile, it is noteworthy that Mr. Man was talking about it Ripple DeFi center roadmap on the XRP Ledger (XRPL), where the company has branded it as a residential and bridge asset. Contrary to speculation that the RLUSD stablecoin may replace XRP, the company noted that the latter serves as a bridge asset between the stablecoin and other tokens.
Notably, Ripple’s former CTO, David Schwartz, who was also mentioned that RLUSD cannot replace XRP as a bridge asset because XRP is widely accepted worldwide and is “authoritative.” Meanwhile, Ripple also highlighted XRP’s role in underlying layer mechanics, including reserve requirements, operating fees, and integration across FX and lending flows.
XRP Public Day Scheduled To Held Today And Tomorrow
Ripple announced that the long awaited XRP Community Day will be held today and tomorrow. Today’s session is for the EMEA (Europe, Middle East, and Africa) and AMER (Americas) regions, and tomorrow’s session is for the APAC (Asia-Pacific) region. Speakers will include Brad Garlinghouse, Ripple President Monica LongRipple’s Chief Legal Officer (CLO) Stuart Alderoty, and David Schwartz.
The crypto firm also said that the sessions will cover regulated XRP products, including existing institutional offerings, wrapped XRP, XRP Innovation Spotlights, and new features that will expand the use of XRP.
The XRP Innovation Spotlight session will be held Ripple-backed XRP Treasury firm Evernorth, crypto exchange Gemini, and Wormhole, who will show together how they use XRP today and reveal their future plans and roadmaps. Bitwise Chief Investment Officer (CIO) Matt Hougan will participate in the XRP products session, where he will discuss the growth of regulated XRP investment products.
At the time of writing, the price of XRP is trading around $1.38, down 4% in the last 24 hours, according to the report. the data from CoinMarketCap.
Featured image from Pxfuel, chart from Tradingview.com
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