Ripple's CTO Clarifies XRP Price Impact on Usability

Ripple's CTO, David Schwartz, recently revisited a post from 2017 where he explained why a higher price for XRP does not make it less useful for payments. In the post, Schwartz pointed out that the number of tokens required to move a certain amount of money remains the same regardless of the token's value. This means that a higher price for XRP actually makes it cheaper to use.

Franklin Templeton has also shown its support for XRP by increasing its stake in the cryptocurrency through its EZPZ ETF, which now holds 5.91% of the fund. This move is significant as Franklin Templeton's product costs roughly 94% less annually than Grayscale's XRP trust.

The inclusion of XRP in Franklin Templeton's ETF is seen as a signal that the cryptocurrency is becoming increasingly attractive to institutional investors. The CTO's explanation for why a higher price does not affect XRP's usability and Franklin Templeton's filing are both pointing towards the same conclusion: the math behind XRP's cross-border payment utility is improving.