#Ripple CTO Emeritus Says Higher #XRP Price Makes Payments Cheaper.
He offered the clarification while responding to questions about a widely circulated comment he made in 2017 regarding XRP’s price and its role in payments.
Ripple CTO emeritus David Schwartz suggests that as XRP’s price rises, it will become cheaper and more efficient to transfer value.
The concept of his commentary is that a higher unit price means fewer XRP tokens are required to move the same amount of value, say $1 million.
His explanation contradicts the belief that XRP must remain low-priced to function as a payment asset.
Analysts clarified that the example demonstrates payment mechanics, not a forecast that XRP will reach $1 million.
