The renowned Wall Street veteran Linda Jones has proclaimed the fifth-largest cap crypto, XRP, a digital asset with exceptional characteristics.
The financial expert made the proclamation in a recent tweet on the X platform. She argued that XRP is not just another run-of-the-mill cryptocurrency. Instead, Jones asserted that XRP embodies distinctive qualities that set it XRP apart within the digital assets market.
“XRP is not just any crypto,” Jones exclaimed.
#XRP is not just any crypto! Get it?
— Linda P. Jones (@LindaPJones) October 18, 2023
Notably, Jones’ proclamation came amid the unyielding noise concerning the digital asset with the best appeal, utility, community, and more. However, as she rightly pointed out, XRP has a number of unique qualities that set it apart from the competition.
XRP Distinctive Qualities
For example, XRP enjoys the unique status of being the only alternative crypto with regulatory clarity about its inherent class in the digital asset market. Specifically, XRP is the only crypto asset certified as non-security. The status of other crypto projects remains unclear as the US regulator can file charges against them any day.
Furthermore, XRP has distinctive backing from prominent financial institutions such as Ripple and Japan SBI holdings. In September, the Japanese payment giant SBI Remit initiated an international fund transfer service that leverages XRP.
Remarkably, the remittance service aims to harness XRP to streamline cross-border payments in Vietnam, the Philippines, and Indonesia. Notably, The Crypto Basic recently reported Ripple’s On Demand Liquidity payments system, which uses XRP as a bridge digital asset for financial institutions, saw 1,729% growth in transaction volume.
Aside from XRP’s distinctive role in the financial payment landscape, the digital asset also enjoys unique appeals within the crypto market. For example, the prominent social intelligence tracker LunarCrush has continuously ranked XRP alongside Bitcoin among digital assets that attract the most engagement in the crypto community.
Regarding year-over-year performance, CoinMarketCap data shows that XRP is up 6.20%. On the other hand, XRP’s closest rivals, BNB and Solana (SOL), wallow in significant double-digit losses.
It is worth mentioning that XRP is the third-largest alternative crypto, excluding stablecoins, with a market share of over $25 billion.