Ripple’s Schwartz: The Offchain Shenanigans Behind Low XRPL Volume! 😂💸

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In a world where numbers dance like leaves in the autumn breeze, Ripple‘s co-founder, the ever-eloquent David Schwartz, took to the stage to address the curious minds fretting over the 30-40% dip in the XRP Ledger’s (XRPL) bustling activity. “Fear not!” he proclaimed, with a twinkle in his eye, “for many of our esteemed banking partners prefer to settle their transactions offchain, like secretive whispers in a crowded room.” 🌪️

While Ripple boasts a veritable army of bank collaborations—hundreds, mind you!—the reality is that the grand ballet of institutional use pirouettes primarily outside the blockchain’s watchful gaze. This, dear reader, is the crux of our conundrum: lower onchain volume, like a forgotten book gathering dust on a shelf. 📚

But lo! This offchain settlement strategy, while perhaps a clever ruse, raises eyebrows and questions about transparency. What is the true scale of Ripple’s operations in the banking sector? Are we merely spectators in a grand illusion, or is there a hidden symphony playing just out of earshot? 🎭

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2025-07-30 17:51