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Ripple CTO Weighs in on Increasing Fees on XRP Ledger to Boost XRP Price

Ripple CTO, David Schwart, does not subscribe to tampering with the status of the XRP Ledger or manipulating transaction fees on the network to boost the price of XRP.

The prevailing low value of XRP has become a huge concern to many users and investors, leading to many suggestions on how to possibly boost the price of the 6th-largest crypto asset. 

Accordingly, a certain user noted that the fees charged for using the carbon-neutral and highly scalable XRP Ledger network are extremely cheap. Hence, he suggested that transaction fees on the XRP Ledger should be modified in a way that would impact the price of its native token. 

In addition, he said transaction fees should be charged based on the amount of value moved. That is, the higher the value moved, the higher the fees, and the lesser the value moved, the lower the transaction fees. 

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