A heated debate erupted in the crypto space after investor Fred Krueger claimed that XRP has no real-world usage. In a brief statement, he declared, “Not one actual human being is using XRP,” triggering widespread pushback from the XRP community.
According to crypto researcher SMQKE, Krueger’s remarks misrepresent the token’s actual utility. He responded directly on X, pointing to verified institutional usage and backing his statement with a chart showing XRP’s role in the financial system.
SMQKE highlighted that XRP is used by hundreds of financial entities worldwide, including high-profile institutions such as American Express, Bank of America, and Santander. These firms operate within Ripple’s network and use XRP to facilitate global money transfers.
Institutional Adoption of XRP Gains Attention
The chart shared by SMQKE outlines how XRP operates within RippleNet as a bridge asset for cross-border payments. This enables banks and payment providers to complete international transactions quickly and at lower costs.
Further details show that XRP is part of Ripple’s broader effort to modernize financial systems, with partnerships involving sustainability-focused organizations like the Bill & Melinda Gates Foundation. These collaborations reflect XRP’s integration into infrastructure-level financial services, not just as a digital token for individual trading.
Moreover, Ripple has announced its aim to become carbon net zero by 2030, aligning its technology with global environmental goals. Such commitments further distinguish XRP from cryptocurrencies, which are primarily geared toward retail investment or decentralized finance.
Researcher Counters Misleading Narrative
SMQKE directly challenged Krueger’s claims, stating that the usage of XRP is clearly documented among financial leaders. His response emphasized that XRP’s strength lies in backend processes, not in direct consumer usage like Bitcoin or Ethereum.
By presenting verified institutional data, SMQKE underscored the importance of recognizing different utility models in crypto. While XRP may not be visible in retail transactions, its adoption by banks speaks to a different but critical kind of relevance.
His comments also reflect a broader tension in the digital asset world between narratives based on public perception and actual enterprise integration. This divide often results in misinterpretation of a token’s value and usage.
Conclusion
SMQKE’s detailed rebuttal clarified XRP’s real role in financial systems. The evidence he provided highlights significant institutional engagement, countering the claim that XRP lacks practical application. His comments shift the focus from retail activity to enterprise adoption, where XRP continues to build its position.
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