Ripple CTO Denies XRP Abandonment Rumors

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Jun 7, 2024 19:30

David Schwartz, Ripple’s CTO, has refuted rumors that Ripple is abandoning XRP, which arose from his recent X post. Schwartz clarified that his statement did not reflect any real-world events but was a fictional pitch for a hypothetical movie. He emphasized that it should not be interpreted as a reflection of Ripple’s strategy regarding XRP. Despite the rumors, no signs exist that Ripple plans to abandon XRP. On the contrary, Ripple has been working to expand the XRP Ledger’s utility through strategic partnerships.