Ripple CTO David Schwartz Confirms XRP Sales Are Necessary to Fund Operations, Prioritizing Company Interests
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- Ripple will continue to sell XRP to fund operations
- David Schwartz agreed on the fact that Ripple isn’t a security
- The company has more XRP than they could possibly monetize in a short period of time
David Schwartz, CTO of Ripple, confirmed in an X post that the company is selling XRP to fund operations and will continue to do so. He said that Ripple will act on its own interest, and that the public shouldn’t expect Ripple to act to their benefit, especially not if it hurts Ripple’s own interest or those of its shareholders.
The entire discussion started after Pierre Rochard said that XRP isn’t a security.
Ripple Prioritizes Company Gains & Long-Term Viability
When you look at it from a corporate standpoint, Schwartz’s comments make a lot of sense since Ripple, as a publicly traded company with shareholders, is more than likely to prioritize its own gains and long-term viability over the demands or desires of individual users.
This means that even if some users push for changes that might benefit them in the short term, Ripple won’t compromise its core business or financial health simply to satisfy those demands.
As a publicly traded c…
The post Ripple CTO David Schwartz Confirms XRP Sales Are Necessary to Fund Operations, Prioritizing Company Interests appeared first on Coin Edition.
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Ripple CTO David Schwartz Confirms XRP Sales Are Necessary to Fund Operations, Prioritizing Company Interests
Share:
- Ripple will continue to sell XRP to fund operations
- David Schwartz agreed on the fact that Ripple isn’t a security
- The company has more XRP than they could possibly monetize in a short period of time
David Schwartz, CTO of Ripple, confirmed in an X post that the company is selling XRP to fund operations and will continue to do so. He said that Ripple will act on its own interest, and that the public shouldn’t expect Ripple to act to their benefit, especially not if it hurts Ripple’s own interest or those of its shareholders.
The entire discussion started after Pierre Rochard said that XRP isn’t a security.
Ripple Prioritizes Company Gains & Long-Term Viability
When you look at it from a corporate standpoint, Schwartz’s comments make a lot of sense since Ripple, as a publicly traded company with shareholders, is more than likely to prioritize its own gains and long-term viability over the demands or desires of individual users.
This means that even if some users push for changes that might benefit them in the short term, Ripple won’t compromise its core business or financial health simply to satisfy those demands.
As a publicly traded c…
The post Ripple CTO David Schwartz Confirms XRP Sales Are Necessary to Fund Operations, Prioritizing Company Interests appeared first on Coin Edition.
In This News
Coins
Funds
Share:
In This News
Coins
Funds
Share:
Read More
CME Group Expands Crypto Derivatives With Spot-Quoted XRP and Solana Futures