Эксперт VanEck о XRP: «Токен не приносит прибыль, а сеть не имеет реального применения» Translation: VanEck Expert on XRP: The Token Doesnt Generate Profit, and the Network Has No Real Application

The token XRP does not provide any financial benefit to its users, and the XRP Ledger lacks practical applications. This perspective was expressed by Matthew Sigel, head of digital asset research at VanEck.

“Dear XRP maximalist, I may never grasp what your ‘blockchain’ truly does, but I will always respect the passion it takes to pretend it serves a purpose. So keep up the enthusiasm!” he addressed the members of the community that traditionally refer to themselves as the XRP Army.

In response, commentators pointed to projects being realized on the XRP Ledger, citing a recent initiative involving Ondo Finance and BlackRock to tokenize U.S. government bonds using Ripple’s network.

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

“I am not aware of any fees being collected, income distribution, burning, or any other economic linkage,” the expert continued.

Critics countered by stating that XRP is not a speculative asset like Bitcoin, whose blockchain lacks scalability. They emphasized that the value of the token will increase as the network’s usage expands, challenging Sigel’s viewpoint.

In the discussion, current CTO of Ripple, David Schwartz, 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 income,’” Schwartz added.

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

He pointed out that amid the growing use of stablecoins, it made sense for Ripple to launch its own dollar-pegged coin, RLUSD. Melker questioned what role XRP would serve in this context.

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

It is worth noting that on November 13, trading began for the first spot ETF based on XRP in the U.S. by Canary Capital. The turnover of the debut session at $58 million marked the highest for all exchange-traded funds launched this year.