В VanEck сомневаются в реальной стоимости XRP, несмотря на поддержку со стороны пользователей Translation: VanEck questions the real value of XRP despite user support.

The token XRP does not generate financial benefits for its users, and the XRP Ledger network lacks practical applications. This viewpoint was expressed by Matthew Sigel, the head of digital asset research at VanEck.

“Dear XRP maximalist, I may never fully understand what your ‘blockchain’ actually does, but I will always respect the passion required to pretend that it accomplishes any meaningful tasks. So keep showcasing your enthusiasm!” he addressed the community members who traditionally identify themselves as the XRP Army.

In response, commentators pointed to the projects being developed on the XRP Ledger. They highlighted a recent initiative involving Ondo Finance and BlackRock, which aimed at tokenizing U.S. government bonds using Ripple’s network.

Sigel stated that such solutions offer no benefits to token holders.

“I have no knowledge of any fees being collected, income distribution, burning, or any other economic relationship,” the expert continued.

Opponents argued that XRP is not a speculative asset like Bitcoin, whose blockchain is not scalable. Critics of Sigel’s opinion emphasized that the token’s value will increase as the use of its network expands.

David Schwartz, the current CTO of Ripple, who participated in the discussion, confirmed that the concept of XRP does not involve generating passive income.

“The essence of blockchain is that it operates on the principle of ‘no intermediaries, be your own bank’ or ‘I don’t care if I can’t tax others for passive profit,’” Schwartz added.

At the end of October, the question of XRP’s utility was raised by Scott Melker, the host of The Wolf Of All Streets podcast.

He noted that amidst the surge in the use of stablecoins, it was logical for Ripple to launch its own dollar-pegged coin, RLUSD. However, Melker questioned what role XRP holds in this context.

Santiago Vélez, co-founder of XAO DAO, responded that the primary role of the token is to serve as a neutral intermediary currency for transactions without a central issuer. This helps mitigate the counterparty risk associated with stablecoins, which are essentially just debt instruments.

It is worth noting that on November 13, trading began for the first spot ETF based on XRP in the U.S., launched by Canary Capital. The inaugural session saw a turnover of $58 million, which represented the best result for all exchange-traded funds launched this year.