The post Ripple CTO Says XRPL Functions Like Bitcoin with Extra Features, Not a Passive Income Tool appeared on BitcoinEthereumNews.com. VanEck’s Sigel questions if XRPL developments benefit XRP holders financially. Ripple CTO: XRPL is for payments and assets, not passive income for holders. Schwartz argues XRPL fees stop spam; XRP value is in the token, not network profits. Ripple CTO David Schwartz has weighed in on the ongoing controversy by Matthew Sigel, Head of Digital Assets Research at VanEck, who questioned XRP’s utility. In a tweet, Sigel suggested he still does not understand what the XRP Ledger’s blockchain “actually does,” adding that he nonetheless respects the passion of those who defend it. His comment drew responses from XRP supporters, many of whom argued that dismissing the XRPL is no longer credible given recent institutional developments. X user Lon Copper accused Sigel of feigning confusion for engagement. Copper highlighted a major development involving Ondo Finance, Ripple, and BlackRock as backing to the XRPL blockchain relevance.  Indeed, Ondo Finance is tokenizing its OUSG fund, backed by BlackRock’s BUIDL fund, and deploying it directly on the XRP Ledger. The initiative enables institutional investors to mint and redeem tokenized U.S. Treasuries around the clock, using Ripple’s RLUSD stablecoin. This system boosts liquidity and efficiency by leveraging XRPL’s low-cost, instant settlement architecture. Related: Ripple Confirms ONDO’s OUSG Fund, Backed by BlackRock’s BUIDL, Is Live on XRP Ledger “Does it Accrue Value to XRP Holders?” Meanwhile, Sigel welcomed the explanation but questioned whether any of these developments translates to actual value for XRP holders. He said he had not seen evidence of fee capture, revenue sharing, burns, or any direct economic linkage that benefits the token. He added that he was open to learning and updating his views if shown otherwise. Ripple CTO Defends the Ledger’s Design Philosophy Ripple CTO David Schwartz stepped in to clarify what he viewed as a misunderstanding of how the XRPL… The post Ripple CTO Says XRPL Functions Like Bitcoin with Extra Features, Not a Passive Income Tool appeared on BitcoinEthereumNews.com. VanEck’s Sigel questions if XRPL developments benefit XRP holders financially. Ripple CTO: XRPL is for payments and assets, not passive income for holders. Schwartz argues XRPL fees stop spam; XRP value is in the token, not network profits. Ripple CTO David Schwartz has weighed in on the ongoing controversy by Matthew Sigel, Head of Digital Assets Research at VanEck, who questioned XRP’s utility. In a tweet, Sigel suggested he still does not understand what the XRP Ledger’s blockchain “actually does,” adding that he nonetheless respects the passion of those who defend it. His comment drew responses from XRP supporters, many of whom argued that dismissing the XRPL is no longer credible given recent institutional developments. X user Lon Copper accused Sigel of feigning confusion for engagement. Copper highlighted a major development involving Ondo Finance, Ripple, and BlackRock as backing to the XRPL blockchain relevance.  Indeed, Ondo Finance is tokenizing its OUSG fund, backed by BlackRock’s BUIDL fund, and deploying it directly on the XRP Ledger. The initiative enables institutional investors to mint and redeem tokenized U.S. Treasuries around the clock, using Ripple’s RLUSD stablecoin. This system boosts liquidity and efficiency by leveraging XRPL’s low-cost, instant settlement architecture. Related: Ripple Confirms ONDO’s OUSG Fund, Backed by BlackRock’s BUIDL, Is Live on XRP Ledger “Does it Accrue Value to XRP Holders?” Meanwhile, Sigel welcomed the explanation but questioned whether any of these developments translates to actual value for XRP holders. He said he had not seen evidence of fee capture, revenue sharing, burns, or any direct economic linkage that benefits the token. He added that he was open to learning and updating his views if shown otherwise. Ripple CTO Defends the Ledger’s Design Philosophy Ripple CTO David Schwartz stepped in to clarify what he viewed as a misunderstanding of how the XRPL…