XRP News Today: Ripple XRP Gains Institutional Traction as Functional Asset in Finance

Prominent pro-crypto attorney Bill Morgan has recently challenged claims that Ripple’s native token, XRP, lacks practical utility, citing real-world applications and institutional adoption as key evidence [1]. In a detailed post, Morgan addressed critics who argue that XRP has no intrinsic value or functional role, emphasizing the token’s integration into global financial and blockchain infrastructure.

One notable example cited by Morgan is the recent S11 form filed by Wellgistics Health, a healthcare technology and pharmaceutical logistics firm, with the U.S. Securities and Exchange Commission (SEC). The company revealed plans to hold XRP as part of its treasury reserves and integrate the token into its payment solutions for real-time, low-cost transactions between platforms, manufacturers, and pharmacy customers [1]. Additionally, the firm intends to use XRP as collateral for capital-raising activities and to generate new income streams through its digital asset holdings [1].

Morgan highlighted the broader implications of Wellgistics Health’s disclosures, arguing that the multifaceted use of XRP—as a reserve asset, a payment instrument, and a collateralized tool—demonstrates its tangible utility [1]. This case, he noted, counters the narrative that XRP is a speculative or non-functional asset.

The pro-XRP attorney also emphasized Ripple’s ongoing development of XRP’s role in cross-border payments and liquidity solutions, where the token serves as a bridge currency that enables faster and more cost-effective transfers compared to traditional systems [1]. He pointed to growing adoption by institutional clients and payment processors, who are increasingly leveraging XRP to reduce settlement times and transaction costs in the global remittance sector [1].

Morgan’s analysis comes as the cryptocurrency community continues to debate the classification and value propositions of digital assets. He argued that the focus should shift from price speculation to evaluating the real-world integration and functional design of tokens like XRP [1].

His comments align with ongoing legal developments involving Ripple, where the utility and purpose of XRP have been central to regulatory discussions. By reinforcing the argument that XRP plays a practical role in the global financial system, Morgan aims to reshape the narrative around the token, emphasizing its functional value and operational use cases [1].

Source: [1] Pro-Ripple Analyst Shutdowns the “XRP Has No Utility” Argument (https://zycrypto.com/pro-ripple-analyst-shutdowns-the-xrp-has-no-utility-argument/)