Ripple CTO Emeritus Denies Early XRP Compensation Claim

• David Schwartz says he was not awarded XRP at Ripple’s inception, challenging assumptions on early compensation.
• The longtime XRP Ledger developer clarified his role differed from Ripple’s founders and early stakeholders.
• Schwartz’s remarks have sparked renewed scrutiny over how XRP was distributed during the project’s early years.

Ripple CTO Emeritus David Schwartz said on X that he did not receive XRP compensation when Ripple was founded, reviving discussion about the company’s early structure and token distribution. He also said he is not generally considered a Ripple founder and only received XRP at a much later stage in his career. 

The remarks come as users continue to question how early participants were rewarded during the formation of the XRP ecosystem.

The discussion began after X users referenced materials describing early Ripple contributors and th…

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