Ripple CTO emeritus David Schwartz believes strong adoption of the XRP Ledger (XRPL) in financial services will drive demand for XRP and increase its value. Schwartz made the comments while discussing whether burning XRP transaction fees directly affects the token’s price.

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Ripple CTO Emeritus David Schwartz has revealed that the company initially had to make XRP payments almost invisible to customers because banks and financial institutions were hesitant to adopt blockchain technology. He shared this while speaking to Thinking Crypto host Tony Edward at Evernorth’s Nasdaq listing event.

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