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Sweeping Changes Coming to Finance, Ripple CTO Believes XRP Can Benefit

Ripple CTO David Schwartz weighs in on discussions of a “Great Financial Reset” by saying talk of a one-world currency is premature. However, Schwartz acknowledges that a global network of central bank digital currencies (CBDCs) is coming soon. With that, he believes XRP, as a “neutral, jurisdictionless asset,” can benefit by acting as a bridge between CBDCs, and all other tokenized assets. I don't think there's going to be one world fiat any time soon, so even with stablecoins there will be a lot of them. To make liquidity between CBDCs, other stablecoins, and new tokenized asset classes (securities, DeFi)…

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Ripple CTO David Schwartz Regrets Dumping Massive Trove Of Ethereum, BTC, And XRP In 2012

The Chief Technology Officer at San Francisco-based blockchain firm Ripple, David Schwartz, is kicking himself. Schwartz sold significant amounts of ethereum, BTC, and XRP back in 2012. All told, he would have made a couple of million bucks if he held on to his assets to date. It all started when a Twitter user by the name PbuzzXR suggested that anyone derisking is simply “exit scamming” as “you can’t go around trying to build faith in others for XRP while you yourself have no faith in it and feel derisking is the best option.” In response, Schwartz explained that he…

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Regrets — Ripple’s CTO sold 40,000 Ether for just $1 each

Ripple’s David Schwartz has revealed that he sold 40,000 Ether at $1 each as part of a risk management plan made with his spouse in 2012. Ripple’s Chief Technology Officer, David Schwartz, has revealed that he and his wife decided to make a “derisking plan” for their crypto investments in 2012 — resulting in eight-figures worth of missed profit at current prices. In a series of tweets published on October 11, Schwartz revealed that he sold 40,000 Ether (ETH) for $1 each back then — a stash that would be worth more than $15.5 million at today’s prices. The Ripple…

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David Schwartz Reveals Ownership Of Ethereum, Bitcoin, BAT, and XRP

David Gokhshtein, the Market Manager for Global PAC and founder of Gokhshtein Media, went to twitter to ask the crypto community there as to what the worst form of crypto they ever got into. Much to the surprise of the XRP community, David Schwartz, the CTO of Ripple, stated that the worst crypto project he’s ever invested into would be Rustbits. This stands as a coin designed to operate as “gaming fuel” or otherwise serve as a trading token when it comes to transactions relating to video games. What’s the worse #crypto you went and got into? — David Gokhshtein…

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David Schwartz On Why Ripple Failed to Give Away 55 Billion XRP

Tiffany Hayden is a pretty popular cryptocurrency personality on Twitter. She gives her opinions on the cryptocurrency space and the general state of the blockchain industry. She was once known as an XRP enthusiast, but recently she has been much more critical of XRP and Ripple. During a back and forth among crypto fans, the topic turned to the price of the digital asset and a general comparison between XRP and XLM.  In a tweet, Hayden alluded to some of the differences in the ways the Ripple Foundation and the Stellar Development Foundation funded their projects. “All of the currency…

Continue Reading David Schwartz On Why Ripple Failed to Give Away 55 Billion XRP

David Schwartz On Why Ripple Failed to Give Away 55 Billion XRP

Tiffany Hayden is a pretty popular cryptocurrency personality on Twitter. She gives her opinions on the cryptocurrency space and the general state of the blockchain industry. She was once known as an XRP enthusiast, but recently she has been much more critical of XRP and Ripple. During a back and forth among crypto fans, the topic turned to the price of the digital asset and a general comparison between XRP and XLM.  In a tweet, Hayden alluded to some of the differences in the ways the Ripple Foundation and the Stellar Development Foundation funded their projects. “All of the currency…

Continue Reading David Schwartz On Why Ripple Failed to Give Away 55 Billion XRP

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