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 …Full story available on Benzinga.com