Matt Hamilton, a former Principal Developer Advocate at FinTech firm Ripple, has defended the utility of the $XRP token and said that smart contracts are coming to the cryptocurrency’s ledger. These could be used to power decentralized applications, the way they are used on other networks such as Ethereum and the BNB Chain.

Hamilton, who is currently the Principal Developer Advocate at Protocol Labs, still spends time on Twitter helping to clarify confusion around XRP and XRPL Ledger. In response to a user who said $XRP has “no utility and is heavily centralized,” he responded it is “literally being used daily for cross border payments, NFTs, web monetization, etc.”