Ripple's Chief Technology Officer, David Schwartz, has stated that XRP could make a good collateral asset. Schwartz made the comments during an interview with a financial media outlet, where he discussed the potential use cases for XRP in the financial industry.

The use of XRP as a collateral asset could potentially make it easier for individuals and businesses to access credit and financing, as it could provide lenders with greater security and reduce the risk of default. The use of XRP as collateral could also help to increase the liquidity and adoption of the cryptocurrency, as it could potentially attract new users and investors.

(by Ndianabasi Tom)