Ripple CTO Says XRPL Functions Like Bitcoin with Extra Features, Not a Passive Income Tool

• VanEck’s Sigel questions if XRPL developments benefit XRP holders financially.
• Ripple CTO: XRPL is for payments and assets, not passive income for holders.
• Schwartz argues XRPL fees stop spam; XRP value is in the token, not network profits.

Ripple CTO David Schwartz has weighed in on the ongoing controversy by Matthew Sigel, Head of Digital Assets Research at VanEck, who questioned XRP’s utility.

In a tweet, Sigel suggested he still does not understand what the XRP Ledger’s blockchain “actually does,” adding that he nonetheless respects the passion of those who defend it.

His comment drew responses from XRP supporters, many of whom argued that dismissing the XRPL is no longer credible given recent institutional developments.

Community Points to Tokenized Treasuries on XRPL

X user Lon Copper accused Sigel of feigning confusion for engagement. Copper…

Read The Full Article Ripple CTO Says XRPL Functions Like Bitcoin with Extra Features, Not a Passive Income Tool On Coin Edition.