A few days ago, ripple’s David Schwartz sent out a tweet, praising Coin market cap for rebranding XRP to make it distinct from ripple labs. In the ensuing thread with his followers, he said something very interesting about ripple labs and XRP. The tweets read as follows,
One thing that comes out clearly from these tweets is that Ripple is going all out, to distance itself from any direct connection with XRP. For an investor this could mean that all the partnerships that ripple has been making lately may have no bearing on the value of XRP. They only benefit ripple the company. Naturally, the next question that comes up is, can ripple (XRP) thrive independently of ripple labs? Well, everyone knows that it can survive, but can it thrive, and give investors the huge gains that many have always anticipated from XRP?
To make an informed decision on how XRP would perform without the shadow of ripple labs hanging over it, one needs to look at the features of XRP as a crypto. One of the key defining features of XRP is its transaction speeds. Ripple has some of the fastest transaction speeds in the market. XRP transactions take an average of 4 seconds.
That’s fast compared to an average of 30 minutes to an hour for bitcoin, and a 10 minute average for Ethereum. In essence, even without all the partnerships done by ripple labs, XRP would still thrive, and be used for transactions by businesses. It’s one of the most practical cryptos that any business can adopt, and make their payment systems more efficient.
XRP is also one of the most scalable cryptos in the market. It has the capacity to handle over 1500 transactions per minute, and it can scale even further. When compared to the likes of bitcoin (BTC) and Ethereum (ETH), it is literally a next generation blockchain, one that is built for business. This gives it an edge in terms of adoption, not just in banking, but in other aspects of business as well.
XRP also has a large number of validators distributed all across the world. This makes it highly decentralized, contrary to popular believe that it is centralized. As a matter of fact, when compared to bitcoin (BTC), which is controlled by only a few miners in China, XRP is the one that adheres to the true ideals of blockchain technology, and that’s decentralization.
Besides, XRP is very stable, having been in existence for over 5 years. That’s enough time for it to prove itself in the market. It has actually proven itself, by rising to become the third largest crypto by market cap, and has the potential to grow further.
In essence, XRP can thrive even without ripple labs. Its future adoption will be based mainly on its fundamentals, which to a large extent are unrivalled. Essentially if Bitcoin (BTC) has a future in becoming used for everyday purposes, then ripple (XRP) has an even bigger future.