Ripple-News: Critics doubts the existence of a real economy application for XRP

• Annual transactions in the ripplenet of $ 7 billion prove the practical benefits of XRP in intentational payment transactions.
• But a critic says that XRP lacks real acceptance and the Mark value is actually an illusion, creates through clever marketing and political lobbying.

Eric Yakes, author and managing partner at EPOCHVC, explains how Ripples marketing tactics, bank partnerships and political lobbying have boosted the perceived value of XRP, although there is no real acceptance.

In a YouTube video by Byte Federal, Inc. entitled “The Truth About Krypto”, Eric Yakes explains how the strategic partnerships and the market positioning of Ripple contributed to the perceived value of XRP, although the actual acceptance remains questionable.

The team also examined the growing institutional acceptance of Bitcoin, Michael Saylors Kühne CPAC statements and knowledge from ERICS YAKES 2024 Bitcoin Ecosystem Report.

While XRP is criticized with regard to its real applications, its robust market strategies, its persistent benefits in cross -border payment transactions and recent price movements continue to ensure both discussions and optimism among investors and analysts. CNF reported in another context:

“The potential dismissal of the SEC against Ripple marks a decisive moment for XRP and the crypto industry in general.

Ripple’s XRP token has caused both enthusiasm and skepticism in the industry. A recent survey by Patrick Bet-David made it clear and showed that 43.8 % of the Ripple surveyed sees the best long-term technology and thus surpassed Bitcoin that received 35 % of the votes.

Eric has expressed reservations about the practical applications of XRP. He points out that despite the founding of Ripple in 2012 there was a continuing debate about its specific applications. Originally designed to facilitate transfer payments and as a handling system for banks, the focus of Ripple has shifted to the development of a digital central bank currency (CBDC).

Success of Ripple and the XRP course development

Despite these criticisms, Ripple has proven a good knack for strategic positioning. With effective marketing, Ripple has created a remarkable presence in the crypto area. His payment network Ripplenet currently handles transactions worth around $ 7 billion annually and thus underlines its benefits in international payments.

When writing this article, XRP is traded at $ 2.33, which reflects a decrease of 2.53 % in the last 24 hours and an increase of an increase of 6.46 % last week. The market capitalization of the token is around $ 135.74 billion, with a 24-hour trading volume of around $ 4.07 billion.