A prominent figure in the XRP community has shared his reasons for believing that Ripple cannot succeed if XRP fails.
Nietzbux (@nietzbux) shared this assertion and his reasons in a post on X. He believes that Ripple can’t enjoy huge success while XRP suffers.
His view on the link between the company and the digital currency challenges Ripple’s long-standing narrative, which has consistently emphasized XRP’s autonomy.
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His argument is built on the lack of innovation in Ripple’s non-XRP products. According to him, “Their non-XRP innovations were an incremental step above Swift, but not a game changer – and a game changer is where we are headed.”
He believes someone’s or multiple people’s solutions for instant, cross-border money transfers will succeed and this explains Ripple’s focus. He describes them as not competing with the average DeFi chain or Oracle chain but going for something bigger.
I don’t think Ripple will succeed without XRP succeeding.
Here’s why:
Their non XRP innovations were an incremental step above Swift, but not a game changer – and a game changer is where we are headed.
We will eventually be in a world like the IOV vision. Money will move…
— nietzbux (@nietzbux) August 31, 2023
Can Ripple Do Without XRP?
According to Nietzbux, Ripple has expanded at such an alarming rate that the only way it can succeed is if the price of XRP goes up or they go public through an Initial Public Offering (IPO). He stated that they might even need both.
Notably, he described XRP products as Ripples “secret sauce.” He highlighted that their non-XRP products have brought a lot of success to the company.
According to him, their long-term plan is to become bigger than they are currently. But providing incrementally better products than SWIFT won’t get Ripple there because the rest of the financial market is also innovating.
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Read Also: Analyst: $10,000+ XRP a Logical Conclusion As XRP at $10 Not Enough To Bridge All Money
Nietzbux also argues that succeeding in a bull run is very different from getting adopted internationally as real money. The company needs to integrate deeply with the broader financial system through business development that aligns with the company’s growth objectives.
Another point to support his argument is the fact that although Ripple has seen some success with its non-XRP products, they’re still hiring people in the current bear market and confidently taking on the SEC. Their fight, according to him, does not show XRP as something they don’t need but something they can’t live without.
He closes out saying, “But I think the stewards of half the supply are going to succeed big time and it won’t be in spite of XRP succeeding.”
Amid all of this, another notable XRP community figure has warned users to not bank solely on Ripple to raise the value of XRP.
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