Ripple CTO David Schwartz Says 2017 XRP Price Comment Was About Payments

According to the post, Ripple CTO David Schwartz said his earlier view that XRP could not stay very cheap reflected a payments perspective, where higher prices let the same value move with fewer tokens.

XRP

Summary

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Terms & Concepts
  • XRP: A digital asset used in the Ripple ecosystem for transferring value across payments networks.
  • Ripple CTO: The chief technology officer at Ripple, the company developing payment-focused blockchain infrastructure.
  • Payment settlement: The process of transferring value to complete a transaction between parties.