Ripple CTO is Skeptic About His Role

Ripple’s Chief Technology Officer, David Schwartz, has made a statement on X regarding his role in the crypto firm.

David’s response came after a crypto journalist stated that he’s just an employee at Ripple Labs and has no business with the XRP Ledger.

David Schwartz Speaks Out About His Loyalty To Ripple

In a recent post on X, David Schwartz, the CTO of Ripple, shared the uncertainties surrounding his role which has sparked speculation within the cryptocurrency community. According to him, XRP co-founder Chris Larsen once told him to join the XRP board because he was a loyal employee.

David Schwartz, however, stated that he’s loyal to whatever earns his loyalty and he would leave if he feels that XRP doesn’t deserve it. He also said that he does not have to keep working for Ripple as long as it is not “fun”.

Many years ago, I was talking to Chris Larsen and he said he wanted me on the board at Ripple because I was loyal. And in the moment, I interpreted it as loyal to him.

I told him that I would be loyal to him so long as I felt he was the right guy to run Ripple. He’s rational,…

— David “JoelKatz” Schwartz (@JoelKatz) April 18, 2024

David went further to reveal that he does hold a lot of Ripple Labs shares although he previously claimed that he’s not a billionaire yet.

This statement has sparked skepticism about his role as Chief Technology Officer of XRP as it is almost clear that David might be hinting about his exit from the crypto firm. It is important to note that David Schwartz is a prominent figure in the blockchain space and his views hold weight.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.