In a bold showcase of XRP’s real-world utility, prominent XRP advocate Edo Farina recently revealed on X that a luxury watch worth $300,000 was purchased with XRP. Farina, well-known in the XRP community for his relentless promotion of the asset’s capabilities, emphasized that the transaction was not only instant but also remarkably cheap, positioning XRP miles ahead of competitors like Bitcoin (BTC) and Ethereum (ETH) when it comes to payments at this scale. This revelation has renewed excitement among the XRP community and the broader crypto ecosystem. As blockchain networks continue to battle for dominance in the payments space, Farina’s post underscores what many XRP enthusiasts have long claimed: XRP’s superior speed and cost-effectiveness make it a natural fit for high-value transactions. Paying for a $300k watch with $XRP Instant. Cheap. No way BTC or ETH could handle that. pic.twitter.com/3mAjdix1oe — EDO FARINA 🅧 XRP (@edward_farina) May 25, 2025 XRP’s Edge Over Bitcoin and Ethereum in Payments While Bitcoin and Ethereum are the largest and most recognized cryptocurrencies globally, they often face criticism for their high transaction costs and slower settlement speeds, especially under heavy network load. Bitcoin’s ‘digital gold’ status notwithstanding, it processes an average of 7 transactions per second (TPS) with confirmation times varying from 10 minutes to over an hour due to network congestion and fees. Ethereum fares slightly better with 15–30 TPS but still struggles with scaling issues and fluctuating gas fees that can soar during peak activity. XRP, on the other hand, was specifically designed for fast , cheap, and scalable cross-border payments. The XRP Ledger (XRPL) can handle 1,500 transactions per second, with settlement times as fast as 3-5 seconds and fees as low as fractions of a cent. These features make it uniquely positioned to handle micropayments and large-value transactions, such as the $300,000 luxury watch purchase highlighted by Farina. The Importance of Real-World Use Cases The crypto industry has long faced criticism for its limited practical applications beyond speculation and investment. High-profile use cases like this luxury watch purchase prove that payments are maturing beyond the hype. According to Farina, the XRP transaction was smooth, efficient, and cost-effective, a testament to the asset’s power in real commerce. This kind of adoption is crucial as Ripple, the company closely tied to XRP, continues to expand its network of financial partners and payment corridors globally. Ripple’s institutional focus notwithstanding, high-net-worth individuals also use XRP for personal transactions, capitalizing on its speed and efficiency. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 A Competitive Landscape for Crypto Payments The race to become the dominant cryptocurrency for payments is intensifying, with new solutions like Ethereum’s layer-2 networks (e.g., Arbitrum, Optimism) and Bitcoin’s Lightning Network aiming to overcome native limitations. However, XRP’s advantage lies in its readiness: it requires no additional layers, upgrades, or workarounds to deliver instant, low-cost payments. This makes it highly appealing for merchants and buyers who want frictionless transactions without worrying about technical complexity. Moreover, XRP’s resilience has been notable despite its regulatory battles in the U.S., particularly the lawsuit brought by the Securities and Exchange Commission (SEC), which partly dampened its institutional momentum. Yet, the XRP community, led by figures like Farina, has remained unwavering in promoting its strengths, often highlighting its unique technical design, longstanding market presence, and growing international adoption. The Road Ahead for XRP Payments The growing number of high-value transactions, like the $300,000 watch purchase, showcases XRP’s real-world potential. It’s not just about theoretical advantages or whitepaper promises; it’s about actual, verifiable transactions that deliver on the vision of cryptocurrency as a better medium of exchange. While the crypto space continues to innovate, the core metrics of speed, cost, and scalability remain pivotal. With industry veterans like Edo Farina championing XRP’s use for significant, high-value purchases, the asset solidifies its reputation as a payment-focused crypto ready for mainstream adoption. As the ecosystem advances, XRP’s unique blend of technological efficiency and practical usability positions it for continued leadership in digital payments. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Big Gun Buys $300,000 Watch with XRP, Says It’s Instant and Cheap appeared first on Times Tabloid .
