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Usha Yadav
Jul 18, 2022
by Usha Yadav

Ripple CTO Regrets Choosing Company's Stock Instead of XRP

Ripple CTO XRP

Table of contents

  1. Receiving XRP From Ripple Was Pointless
David Schwartz, the chief technical officer (CTO) at blockchain startup Ripple, recently stated in a tweet that choosing a company stake over XRP was "probably" a "very huge" mistake. The three creators of Ripple - Arthur Britto, Jed McCaleb, and Chris Larsen - shared 20 billion XRP. Instead of the token, Schwartz acquired a 2% share in the business.

Receiving XRP From Ripple Was Pointless

According to the XRP Ledger's creator, he might have gotten over 500 million tokens. The executive says that since he could easily purchase the coin on exchanges, receiving XRP from Ripple was pointless. The price of the XRP cryptocurrency is $0.36 right now. The cryptocurrency is currently down 89.27% from its all-time high, which was set back at the beginning of 2018.

As per the XRP Scan data, McCaleb, who departed Ripple in 2014 after a disagreement with senior executives, finally spent all of his money on Sunday, ending an eight-year selling streak. Members of the community were happy to hear the news since it indicates that there will be less selling pressure on the token. Over eight years, McCaleb sold roughly 5% of the token's total supply.

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XRP Ripple Jed McCaleb David Schwartz Ripple CTO David Schwartz
Ripple CTO Regrets Choosing Company's Stock Instead of XRP
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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