Crypto pundit NoLimit has drawn attention to a government research paper, which he described as extremely bullish for XRP in the long term. He also highlighted how what is being built on the XRP Ledger will ensure that the altcoin gains real-world adoption, which could eventually boost its value.
Pundit Draws Attention To Government Paper Highlighting XRP’s Potential
In an X post, NoLimit highlighted a U.S. space and defense research paper published between 2018 and 2019, noting that the content made a bullish case for XRP. He explained that the paper made a very clear distinction between blockchain and distributed ledger technology (DLT). On the one hand, blockchain is treated as just one implementation, and DLT is treated as the broader category that governments actually care about.
The research paper gave examples, noting that Bitcoin and Ethereum are open, permissionless systems. Meanwhile, NoLimit mentioned that the paper also highlighted permissioned, trusted ledgers used for banks, payments, identity, and regulated environments, which he claimed explicitly points to Ripple’s architecture, which involves XRP.
The pundit stated that the research paper matters because the use cases highlighted in the paper aren’t crypto-native at all. Instead, they border on identity management, access control, certification, regulated data sharing, and settlement between institutions that require compliance built in. Based on this, the altcoin’s utility could well expand beyond the crypto space.
The Ledger As The Required Tool To Achieve This Framework
NoLimit noted that the research paper was written for governments trying to modernize infrastructure without breaking existing rules. He then mentioned that what is quietly being built on the Ledger lines up almost perfectly with those requirements. The pundit remarked that back in 2018, the paper could only describe the framework because the tooling wasn’t ready yet.
However, NoLimit believes that is no longer the case, stating that XRP sits where real adoption happens, which is inside regulated systems that don’t appear overnight. He claimed that this is why the token keeps showing up in places most people aren’t even looking. Notably, the pundit’s statement comes just weeks after Ripple’s former CTO David Schwartz explained how the Ledger will take over the world.
Schwartz highlighted tokenization as one area where the Ledger was gaining ground, noting that firms such as Ondo Finance and Franklin Templeton wereissuing products on the network. It is also worth mentioning that the Ripple-backed Evernorth just secured a strategic collaboration with Doppler to advance institutional liquidity and treasury use cases on the XRPL. Both firms are also working together to explore structured frameworks for deploying the token at scale.
At the time of writing, the XRP price is trading at around $2.13, down in the last 24 hours, according to data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
Editorial Process for is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
