Did Ripple Create XRP? CTO David Schwartz Clarifies

The origins of XRP, a leading cryptocurrency, continue to stir debate within the crypto community. This controversy was recently reignited by a post on X from Your Friend Blondie (@myfriendblondie), a notable crypto figure.

She shared previous comments from Ripple Chief Technology Officer (CTO) David Schwartz, who stated, “XRP was given to Ripple not created by Ripple.”

The Debate on XRP’s Origins

One user in the community shared a previous post from Schwartz that seemed to counter the narrative. In a 2020 post, Schwartz clarified the situation by stating, “It is misleading to say Ripple had ‘nothing to do with the creation of XRP’.

The people who created XRP are pretty much the same as the people who created Ripple and they created Ripple originally to, among other things, distribute XRP.” This statement implies a deeper connection between Ripple and the creation of XRP than initially suggested.

Your Friend Blondie responded to the post calling on Schwartz for an answer. At press time, Schwartz has not responded. Another user expressed frustration, stating, “Why don’t you just stop demoralizing the community, and stick to the facts that #XRP is an indispensable digital currency for the new financial systems.”

This community member proceeded to ask Your Friend Blondie to do the community a favor and sell her XRP if she was not willing to hold on to the tokens. Many in the community see these divisive narratives as distractions to make people abandon XRP and forget about the digital asset’s true potential.

Another user provided a different perspective, writing, “Yeah, that’s the problem ripple is the one that’s going to be expanding working with all the banking systems transactions, etc. ‘not and I repeat not XRP’… two different companies.”

The user noted that Ripple is a private software company that is entirely separate from XRP and the XRP Ledger (XRPL). This also separates Ripple’s business dealings from XRP, and he suggests Ripple might expand partnerships and grow its business without XRPL.

However, experts believe Ripple has good reasons not to abandon XRP, like the massive amounts of tokens in escrow. Ripple has also built much of its technology around XRP, and spent almost four years fighting for the digital asset in court against the U.S. Securities and Exchange Commission (SEC), showing the company’s confidence in the token.

Ripple’s relationship with XRP has been a critical aspect of its business model, especially considering Ripple’s efforts to integrate XRP into global financial systems. While the question of whether Ripple created or was given XRP has not been definitively answered, many in the community believe the focus now should be on its future and not the past.

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