Key Takeaways

Why is Ripple’s CTO quitting?

He will remain with the team in an advisory role to have more time with his family. 

How did XRP react?

XRP’s price slipped after the update, but it rallied soon after. 

Ripple Labs is set for a key leadership reshuffle by the end of the year as current CTO David Schwartz will step away from his role. However, he will join the Ripple Board of Directors.

In a statement, Schwartz said he will continue to work on side projects and novel applications for the XRP Ledger. 

“The last few months I’ve been tinkering on the side – spinning up my own XRPL node and publishing its output data, researching other use cases for XRP (besides what Ripple is focused on), and more.”

How did XRP’s price react?

He has been with Ripple for over 13 years and is part of the founding team of the XRP Ledger.

Surprisingly, Schwartz contributed to Bitcoin’s early days and was even mistaken for being Satoshi Nakamoto last year. 

For his part, Ripple CEO Brad Garlinghouse hailed his illustrious impact on the XRP community as “legend.”

RLUSD eyes $800M – Will it boost XRP’s recovery odds?

In another development, Ripple’s stablecoin, RLUSD, expanded by nearly $50 million after last week’s BlackRock and VanEck Go to Source to See Full Article
Author: Benjamin Njiri