Ripple’s CTO says what they’re seeing is wrong

surrounding conversation $XRP is once again shifting to its underlying technology rather than just price action. Ripple’s CTO, David Schwartz, also known as Joel Katz, dispelled that notion, saying: $XRP It may be widely misunderstood.

speak at $XRP Mr Schwartz addressed what he believed to be the biggest misconception about Australia 2026. $XRP Looking ahead to the next crypto cycle: Many still believe that the value of assets comes only from cryptocurrencies. $XRP The ledger itself.

Misconception #1: $XRP Only $XRP ledger

Schwartz explained that focusing only on the ledger misses the big picture of how things work. $XRP In reality, it operates within a broader financial ecosystem. According to him, in most cases $XRP The activity takes place outside the blockchain.

“don’t forget $XRP Not only $XRP ledger. majority $XRP Activities take place off the ledger,” he said.

He noted that exchange trading, liquidity provision, ETF exposure and speculation are currently the biggest drivers of the market. $XRPvalue. Schwartz emphasized that while these elements may not be technologically groundbreaking, they still represent real economic activity for users and investors.

To explain the misconception, he made the following comparison: $XRP to traditional currency. “If you think about it, $XRP just $XRP A ledger, it’s like thinking of a dollar as just a banknote,” he said, noting that the systems surrounding assets are much larger than the technology itself.

Myth #2: It’s useless in the real world.

Although off-chain activities are now the norm, Schwartz believes the next step up the chain is the next step. $XRP Directly built on-chain financial tools will increasingly be involved $XRP ledger.

He expects this ecosystem to expand into areas such as decentralized exchanges, liquidity infrastructure, tokenized stock markets, and lending solutions.

“Liquidity, DEX, and tools to solve real-world financial problems will emerge.” Schwartz added that introducing more activities to the blockchain could make the system even more transformative.

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Misconception #3: $XRP focuses only on institutions

Another misconception, according to Schwartz, is: $XRPThe goal of is limited to in-house recruitment. He argued that the system is just a starting point.

“Institutional adoption is not the end goal…it would pave the way for mass retail adoption,” he said.

Schwartz likened this process to the early days of the Internet. In the early days of the Internet, businesses and governments first used the technology before it spread to consumers.

In the long run, he says $XRP‘s mission is much broader, helping to restructure not just institutional finance but the entire global financial system.