{"id":91055,"date":"2025-11-14T20:17:08","date_gmt":"2025-11-14T17:17:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91055"},"modified":"2025-11-14T20:20:23","modified_gmt":"2025-11-14T17:20:23","slug":"vaneck-questions-the-utility-of-ripples-xrp","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/vaneck-questions-the-utility-of-ripples-xrp\/","title":{"rendered":"VanEck Questions the Utility of Ripple&#8217;s XRP"},"content":{"rendered":"<p>The token <a href=\"https:\/\/forklog.com\/en\/news\/what-are-ripple-and-the-cryptocurrency-xrp\">XRP<\/a> offers no financial benefits to users, and the XRP Ledger network lacks real-world application, according to Matthew Sigel, head of digital asset research at VanEck.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Dear XRP maxis,<br \/>I may never understand what your \u201cblockchain\u201d actually does, but I\u2019ll always respect the passion required to pretend it does something.<br \/>So keep hustling! \ud83d\udc4d<\/p>\n<p>\u2014 matthew sigel, recovering CFA (@matthew_sigel) <a href=\"https:\/\/twitter.com\/matthew_sigel\/status\/1989139770140971183?ref_src=twsrc%5Etfw\">November 14, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Dear XRP maximalist. I may never understand what your &#8216;blockchain&#8217; actually does, but I will always respect the passion required to pretend it does something. So keep showing enthusiasm!&#8221; he addressed the community members, traditionally known as the XRP Army.<\/p>\n<\/blockquote>\n<p>In response, commentators pointed to projects being implemented on the XRP Ledger. As an example, they noted a recent initiative involving Ondo Finance and BlackRock to tokenize U.S. government bonds using Ripple&#8217;s network.<\/p>\n<p>Sigel stated that such solutions offer no benefits to token holders.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I am unaware of any fee collection, revenue distribution, burning, or other economic linkage,&#8221; the expert continued.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">XRP and Its Role<\/h2>\n<p>Opponents argued that XRP is not a speculative asset like Bitcoin, whose blockchain is not scalable. The value of the token will grow as its network usage expands, critics of Sigel&#8217;s opinion emphasized.<\/p>\n<p>Participating in the discussion, <a href=\"https:\/\/forklog.com\/en\/news\/david-schwartz-to-step-down-as-ripples-cto\">still technical director<\/a> of Ripple, David Schwartz confirmed that the concept of XRP does not involve generating passive income.\u00a0\u00a0\u00a0\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">You asked what the blockchain actually did. You got an answer. Your response was that you couldn&#8217;t get passive income from it. Is the blockchain ethos &#8220;no middlemen, be your own bank&#8221; or is it &#8220;if I can&#8217;t tax other people for a passive profit, I don&#8217;t care about it.&#8221;<\/p>\n<p>\u2014 David &#8216;JoelKatz&#8217; Schwartz (@JoelKatz) <a href=\"https:\/\/twitter.com\/JoelKatz\/status\/1989241139636080953?ref_src=twsrc%5Etfw\">November 14, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/p><\/blockquote>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The essence of blockchain is that it operates on the principle of &#8216;no middlemen, be your own bank&#8217; or &#8216;I don&#8217;t care that I can&#8217;t tax others for passive profit,'&#8221; Schwartz added.<\/p>\n<\/blockquote>\n<p>In late October, the utility of XRP was questioned by The Wolf Of All Streets podcast host Scott Melker.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">I say this with no disrespect, looking for an actual answer. <\/p>\n<p>What is the current pitch for <a href=\"https:\/\/twitter.com\/search?q=%24XRP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XRP<\/a>? The token, not Ripple the company. <\/p>\n<p>Western Union chose Solana for their stablecoin. Swift went with Linea on ETH, which was the selling point I heard for years?<\/p>\n<p>Stablecoins have\u2026<\/p>\n<p>\u2014 The Wolf Of All Streets (@scottmelker) <a href=\"https:\/\/twitter.com\/scottmelker\/status\/1983672639873847762?ref_src=twsrc%5Etfw\">October 29, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He noted that amid the boom in <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoin<\/a> usage in payments, it was logical for Ripple to release its own dollar-pegged coin, RLUSD. What role remains for XRP, Melker considered unclear.\u00a0<\/p>\n<p>Co-founder of XAO DAO Santiago Velez responded that the primary function of the token is to serve as a neutral intermediary currency for settlements without a central issuer. This avoids the counterparty risk inherent in stablecoins, which are essentially just IOUs.<\/p>\n<p>On November 13, <a href=\"https:\/\/forklog.com\/en\/news\/canary-capital-launches-spot-xrp-etf\">trading began<\/a> for the first U.S. spot <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> based on XRP by Canary Capital. The debut session&#8217;s turnover of $58 million <a href=\"https:\/\/forklog.com\/en\/news\/spot-bitcoin-etfs-post-870m-in-second-biggest-outflow\">was the best<\/a> among all exchange-traded funds launched this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The XRP token offers no financial benefits to users, and the XRP Ledger network lacks real-world application, according to Matthew Sigel, head of digital asset research at VanEck.<\/p>\n","protected":false},"author":1,"featured_media":91056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"VanEck questions the utility of Ripple's XRP, citing lack of financial benefits.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1138,112,783],"class_list":["post-91055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-opinions","tag-ripple","tag-vaneck"],"aioseo_notices":[],"amp_enabled":true,"views":"296","promo_type":"1","layout_type":"1","short_excerpt":"VanEck questions the utility of Ripple's XRP, citing lack of financial benefits.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=91055"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91055\/revisions"}],"predecessor-version":[{"id":91057,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91055\/revisions\/91057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91056"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=91055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=91055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=91055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}