Ripple’s David Schwartz links XRPL adoption to future XRP demand

David Schwartz, former chief technology officer of Ripple , recently addressed the relationship between institutional adoption of the XRP Ledger (XRPL) and the demand for XRP. Schwartz argued that successful financial applications built on the XRPL would likely increase demand for the token and provide support for its value. Schwartz, who is known for his influential role in designing Ripple’s core technologies, explained that XRP’s importance within the network extends to payments, liquidity provision, transaction fees, and account reserves.