XRP News Today: Ripple CTO Argues $1M XRP More Practical for Large Payments Than $1

A resurfaced statement from David Schwartz, Chief Technology Officer of Ripple, has reignited discussions about the practicality of a high valuation for XRP. The claim was highlighted by crypto investor and XRP enthusiast XRP Governor through a tweet citing Schwartz’s past response on Quora. In that post, Schwartz argued that a high-priced XRP could be more functional for large-scale payments than a low-priced one. “$1,000,000 per XRP is more practical than $1,” he suggested, explaining that a high-value asset reduces the volume needed to make large transactions, thus minimizing market slippage [1].

Schwartz’s original argument centered on the economic relationship between asset price, liquidity, and transaction efficiency. He explained that for a $1 million payment, one always needs $1 million worth of XRP, regardless of the price per unit. However, higher prices mean that fewer units are required to execute such transactions, reducing the impact on the market. He used the example of Bitcoin’s price movements to illustrate this: when Bitcoin was priced at $100, a $1 million purchase would significantly impact the market due to the large volume required. In contrast, when Bitcoin reached $10,000, the same transaction required only 100 units, reducing the potential for price disruption [1].

Schwartz’s comments were intended to counter concerns that a fixed supply and potentially high price of XRP might hinder its adoption among financial institutions. He argued that these concerns misunderstand the economic mechanics of high-value assets. His position is that the higher the price, the more efficient XRP becomes for large-value transactions—making it more practical as a medium for global cross-border payments [1].

XRP Governor amplified this point by emphasizing that the remarks came directly from Ripple’s CTO and one of the XRP Ledger’s original architects. The tweet framed the idea not as speculative hype but as a technical analysis of XRP’s potential use case. By highlighting the $1 million per XRP scenario, XRP Governor positioned it as a realistic outcome if XRP gains widespread adoption for high-value payments [1].

The discussion also included broader reflections on XRP’s role in the digital asset ecosystem. XRP Governor urged long-term holders to consider the practical implications of high liquidity and the potential for XRP to function efficiently at high valuations. This perspective reinforces a narrative that widespread institutional adoption of XRP is not at odds with high pricing, but may actually depend on it [1].

Analysis of the remarks shows that Schwartz’s arguments are rooted in economic logic rather than speculative forecasts. He did not suggest that $1 million per XRP is a guaranteed outcome but rather that the structure of XRP makes it theoretically more practical at such a valuation for its intended use case. The emphasis on liquidity and transactional efficiency aligns with Ripple’s broader vision of using XRP as a bridge currency for global payments [1].

The renewed attention to this statement has sparked interest among XRP investors and analysts, with some viewing it as a validation of XRP’s long-term potential. However, as with any discussion of future price movements, these views remain speculative and are not supported by empirical data or market forecasts [1].

Source:

[1] TimesTabloid – [https://timestabloid.com/ripple-cto-once-said-1000000-per-xrp-is-more-practical-than-1-heres-why/](https://timestabloid.com/ripple-cto-once-said-1000000-per-xrp-is-more-practical-than-1-heres-why/)