Bitwise Asset Management on Friday outlined a pragmatic assessment of XRP’s (CRYPTO: XRP)’s utility, emphasizing that its value may increasingly stem from real-world applications—especially in asset tokenization and cross-border payments—rather than speculation alone.
What Happened: According to the report, XRP’s blockchain, known as the XRP Ledger, is already being used to facilitate direct payments and cross-currency transactions.
These operations make up the majority of the network’s activity today.
Bitwise highlights that the blockchain’s future growth likely hinges on its utility in two key areas: converting real-world assets into tradable blockchain tokens and enabling global financial institutions to streamline transactions.
“XRP Ledger’s biggest opportunity may lie in asset tokenization,” the report states, pointing to …
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