Billion

Sense

JackTheRippler (@RippleXrpie), recently unearthed a <a href="https://x.com/RippleXrpie/status/1843969340984758707?t=ujF3ZCM9h2Ro8be-JHXcEg&amp;s=19" rel="noopener noreferrer nofollow">video</a> with comments from Brad Garlinghouse that has excited the XRP army and reignited discussions about the digital asset’s potential.
Garlinghouse answered questions about XRP’s role and its massive supply. The CEO asserted that XRP’s creators envisioned it as a global reserve currency, explaining why they produced a supply of 100 billion tokens.
The video drew a response from Common Sense Crypto (@TheCSCrypto), a prominent crypto analysis and education platform on X.
Common Sense Crypto <a href="https://x.com/TheCSCrypto/status/1844051510365134879?t=eCDQv-0NlVemHWfuUveflg&amp;s=19" rel="noopener noreferrer nofollow">provided</a> a detailed explanation of Ripple’s strategic decisions and its long-term vision for XRP. According to him, Ripple intentionally kept XRP’s initial price low to attract financial institutions.
<h2 id="strong-ripple-s-plans-for-xrp-strong">Ripple’s Plans for XRP</h2>
He explained, “Ripple wanted the price low… they were going door to door at the banks onboarding them into their software &amp; they wanted $xrp to be so cheap the banks would see an offer they couldn’t refuse.”
This approach ensured widespread adoption by making XRP attractive for banks and other financial entities.
Common Sense Crypto highlighted the critical aspect saying, that this is the role of XRP in Ripple’s On-Demand Liquidity (ODL) solution.
He referenced David Schwartz, Ripple’s CTO, who has stated that for ODL to be effective, <a href="https://timestabloid.com/ripple-cto-david-schwartz-higher-xrp-prices-will-bring-about-cheaper-payments/" rel="noopener noreferrer nofollow">XRP needs to have a higher price</a>.
Common Sense Crypto emphasized, “At a cheap price $xrp ODL doesn’t make sense!” This suggests that XRP’s value increases, and its utility within ODL improves, making it a more viable option for facilitating global transactions.
Furthermore, Common Sense Crypto addressed the misconception that the large supply of XRP would hinder its price growth.
He argued that despite the 100 billion XRP in circulation, the token’s integration into the financial system would eventually lead to scarcity, driving up its value.
He noted, “When Brad says world’s reserve currency that would lead to scarcity even though there is 100 Billion $xrp &amp; the price would take off.”
This perspective shows the belief that the token’s extensive distribution was a strategic move to ensure deep integration into global financial infrastructure before its value appreciates significantly.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@TimesTabloid1</a>
 — TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 15, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="strong-smart-contracts-and-further-advancements-strong">Smart Contracts and Further Advancements</h2>
The analysis also touched on Ripple’s decision to discontinue smart contracts.
Common Sense Crypto suggested this was part of a broader strategy to build a strong foundation within the financial sector.
By establishing robust partnerships and infrastructure, Ripple positioned itself and XRP for future success.
Now, with plans to <a href="https://timestabloid.com/ripple-makes-dual-advancements-to-xrp-ledger-functionality/" rel="noopener noreferrer nofollow">reintroduce smart contracts</a> soon, Ripple aims to enhance XRP’s functionality and value proposition further. Ripple has big plans for XRP, which will benefit the XRP army and the global financial system.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on <a href="https://twitter.com/TimesTabloid1" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.facebook.com/timestabloid/" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://t.me/markettabloid" rel="noopener noreferrer nofollow">Telegram</a>, and <a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" rel="noopener noreferrer nofollow">Google News</a>
The post <a href="https://timestabloid.com/ripple-ceo-reveals-reason-for-xrp-100-billion-supply/" rel="noopener noreferrer nofollow">Ripple CEO Reveals Reason for XRP 100 Billion Supply</a> appeared first on <a href="https://timestabloid.com" rel="noopener noreferrer nofollow">Times Tabloid</a>.

Ripple CEO Reveals Reason for XRP 100 Billion Supply

Table of Contents

Times Tabloid

Other articles published on Oct 11, 2024

Missed the Rise of TON? 5 Best Cryptos to Buy Now for Similar High Returns

Bitget Lists Puffer Finance (PUFFER) on Launchpool with 2,700,000 Tokens in Rewards (11 Oct)

Ripple files for a cross-appeal to the U.S. Court of Appeals in its U.S. SEC vs. Ripple lawsuit

Sony Soneium incubation program winners

New Memecoin Silver Pepe to Surge 16,000% Ahead of Exchange Listing, As DOGE and SHIB Fall

Metaplanet’s Bitcoin reserves nearing 750 BTC after bulk buy

Join our free newsletter for daily crypto updates!