Texas Senator Ted Cruz said Bitcoin can bring prosperity.

Aug 24, 2022 6:44 PM

Hello !!

The value of Bitcoins in this speculative market means nothing but speculative and perceived value.

However, XRP has a functional and useful use case based on value that is not based on trading volume, or the fact that it has been delisted on many exchanges.

The reason why XRP (despite being in this corrupt lawsuit) still ranks sixth is because it has grounds by utility.

This is the reason why Ripple has billions of coins in escrow in order to hedge against future scarcity and allow them to exit banking networks with XRP.

XRP, by Ripple, is centered around using the blockchain for transactions and efficiently catering to the needs of the entire world.

The Lightning Network cannot do this with Bitcoin because it has a lot of downsides and nothing more than the fact that it still needs to be settled on the base layer and that nodes have to be online at all times, thus relying on the guarantees of the contract.

On the other hand, XRPL provides instant payment channels and thus does not depend on the need for collateral, and the xrp ledger base layer is fast and efficient to settle on.

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