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Ripple CTO Rebuffs Criticisms Of XRP Sell-Offs

Ramsey Baker

Summary: A senior executive at Ripple, the blockchain payment network, took to Twitter to defend the company against the recent wave of criticism facing their cryptocurrency, XRP. David Schwartz, Ripple’s CTO, rebuked statements claiming that XRP was only created to be a revenue stream for the company. The criticisms stem from Ripple’s selling of XRP, which ...

A senior executive at Ripple, the blockchain payment network, took to Twitter to defend the company against the recent wave of criticism facing their cryptocurrency, XRP.

David Schwartz, Ripple’s CTO, rebuked statements claiming that XRP was only created to be a revenue stream for the company. The criticisms stem from Ripple’s selling of XRP, which accounts for a significant portion of the company’s income.

By Ramsey Baker

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