Ripple CTO: Blockchain-Agnostic Solutions Could Increase XRP Adoption
Ripple’s Chief Technology Officer David Schwartz recently tweeted his thoughts on how using blockchain-agnostic solutions could increase the popularity of XRP and hasten its adoption. He thinks this could be a good move for the cryptocurrency pair. In 2012, David Schwartz, Arthur Britto, and Jed McCaleb created the open-source public XRP ledger (XRPL), which uses XRP as its native digital currency.
In his introductory piece, Schwartz admitted that he often gets asked if new technologies need to be developed specifically for use with XRP. He made it clear that he doesn’t advocate for technology to interact with XRP unless it’s an XRPL (XRP Ledger) feature. Increasing a technology’s compatibility with other systems and resources might help it reach a wider user base.
Interoperability is Key: Ripple’s CTO Urges for XRP Compatibility with Other Assets
Schwartz thinks this would be more useful for people who aren’t considering investing in XRP at the moment. According to Ripple’s chief technology officer, it is challenging for consumers to switch to XRP if it is a better fit for their purposes in the future because many technologies now need to function with XRP. He stressed the need for interoperability amongst technologies to facilitate consumer migration.
Schwartz, on the other hand, thinks making XRP compatible with other assets and reducing obstacles to entry will lead to greater adoption and a more positive user experience. Schwartz gave an example of Google to help illustrate his point. Many users’ online experiences would suffer if Google prioritized just those who use its services.
Ripple’s David Schwartz Compares XRP Adoption to Multi-Purpose Kitchen Appliance
Due to a decline in internet penetration, fewer people are able to benefit from Google’s offerings. Schwartz drew an analogy to further stress the need for adaptability in technological systems. He likened the task to develop a tool to open fresh coconuts from the shell, a notoriously difficult task.
Schwartz said that a tool having multiple uses (such as one that can be used to make different types of food) would be more popular and widely utilized than one with a single function. Schwartz concludes that making XRP interoperable with other assets will boost acceptance and user experience, much like a multi-purpose kitchen appliance.