• XRP being compared to cockroaches is bullish; cockroaches could survive a nuclear apocalypse while humans couldn’t, says Attorney John Deaton.
• Uphold CEO Simon McLoughlin wants to put XRP at the heart of its funds transfer operations, having recently become a node in Ripple’s ODL service.

“XRP is like a cockroach; even a nuclear war wouldn’t kill it.” This was from Attorney John Deaton back in April, and while commenting on Ripple’s recent partnership with Uphold, the lawyer doubled down on his XRP-cockroach analogy and why he believes the best is yet to come.

Uphold, a US-based financial services company, partnered with Ripple last month to enhance crypto liquidity in cross-border funds transfers. Uphold CEO Simon McLoughlin jumped on an interview last week to discuss the partnership and why his company is bullish on XRP.

In response to the interview, Deaton took to Twitter to revisit the XRP-cockroach analogy and express his bullish sentiments.

“It’s all about payments,” he says. According to him, XRP is the only blockchain network designed specifically for payments.

As the era of speculation wears off, payments are becoming critical for any blockchain’s success. Bitcoin is losing the war as its fees remain high and its ability to scale remains limited. While Ethereum’s switch to proof-of-stake has bettered its odds, it still hasn’t caught up with XRP, which beats it on speed, efficiency and transaction fees.

What blockchain was designed just for payments? XRP haters have compared XRP to cockroaches. But [cockroaches]survive nuclear war, no? I’ve always found that comparison to be quite bullish.

Deaton, the founder of Crypto Law, first used the analogy in April in response to unflattering reporting on the coin by a leading crypto industry news outlet. At the time, XRP had overtaken Bitcoin as the most popular crypto on South Korean exchanges despite the SEC lawsuit hanging over its head, aptly justifying its cockroach moniker.

Real-World Payments – the Bullish Case For XRP

Cross-border payments continue to be expensive, slow and inefficient, especially for the global south. As per the World Bank, the cost of sending amounts lower than $200—which is what most working migrants typically send—can be as high as 15-20%.

This is the industry XRP targets, and with partners like Uphold, it’s impacting the people who need it the most.

According to Uphold CEO McLoughlin, the company’s role in the Ripple ecosystem will be to “convert XRP into fiat currencies and handle bank pay-outs.”

“It’s a really important deal for us, not just because of the direct benefit, but because it signals the strategic direction we want to take the company. This one deal has the potential to double our volumes next year. More importantly, it exposes us to recurring volume and plays the utility use case for crypto, as opposed to the retail speculation case.”

Meanwhile, legal analysts predict that Ripple will only have to part with $20 million in its settlement with the SEC. This would be a significant victory for the California company, and for a case this size, the settlement would only be a slap on the wrist. Other companies the SEC has sued have parted with bigger sums for more minor allegations.

BitMEX, for instance, parted with $100 million to settle with the SEC, and its executives all had to step down, including founder and CEO Arthur Hayes.

This influx of positive news is pushing XRP’s price. In the past day, the crypto has gained 9% to trade at $0.69 at press time, with a market cap of $37.2 billion.

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