Ripple CTO Responds To Rumors That The Crypto Firm Is Abandoning XRP

Ripple CTO Responds To Rumors That The Crypto Firm Is Abandoning XRP


The Ripple Chief Technology Officer (CTO) David Schwartz has responded to rumours that the Company might be considering abandoning its association with the XRP token. The crypto firm has so far provided XRP with its major utilities, and such rumors could negatively impact its price.

Ripple Is Not Abandoning XRP

Schwartz clarified in an X (formerly Twitter) post that Ripple wasn’t abandoning XRP and that the post that kicked off the rumors was misunderstood. The rumors began when an X user (@AspenSignals) posted Schwartz’s cover photo on his X platform and asked if Ripple was abandoning XRP. 

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Schwartz’s cover photo suggested that the company was abandoning XRP due to a “web of corruption” in the financial world, which was set to hinder them from achieving

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