- Davis Schwartz acknowledge to a community member that he has holdings in Bitcoin, Ethereum, Cardano, and other altcoins
- Charles Hoskinson said that Ripple could work on Decentralised finance earlier
- Ripple CTO has told that they don’t want to hold XRP in future
Ripple chief technology officer David Schwartz has revealed his investment in the crypto market, other than Ripple. He has revealed all of his possession in cryptocurrency. Ripple CTO did not disclose an exact amount, but he named the cryptocurrency in which he has holdings like Bitcoin, Ethereum, Cardano, Stellar lumens, BAT, Crypterium, EOS, Bitcoin Gold, Polymath, Kin, and StormX.
Through his Twitter account, Schwartz conflicted with the controller and asserted that the United States is “one of only a handful few nations” where an organization keeps a relationship with the specialists and afterward gets sanctions. When the organization was established, choices were made with the probability that was difficult to evaluate, Schwartz added. While he accepts an excellent task was finished, he recognized that the outcomes were not extraordinary. Ripple made continuous reports about its exercises to authority in that community.
Ripple and XRP facing challenges
Ripple’s chief technology officer was conscientious about the cases which the U.S. security and exchange commission has filled. We think that the lawsuit related to the crypto market or Ripple will expand in the future, and this impact will be seen in the crypto market. Ripple CTO has said that they don’t want to hold XRP in the future, but they cannot do this now because it is impossible. Ripple CTO said that they had faced many challenges throughout the year, not perfect, but we have given our best. They do not promise big commitment now, and they are showing good judgment in avoiding risk.
Ripple as a weird chimera of the crypto market
Charles Hoskinson, the founder of Cardano and CEO of IOHK, said in the Ask me anything session that Ripple has mismanaged the XRP. Charles Hoskinson referred the name ‘weird chimera’ to Ripple AND XRP. Hoskinson also said that Ripple could be the next Ethereum because they have new technology and engineers. Also, he said that David Schwartz was an intelligent guy and a good chief technology officer.
Five years later, when Ripple released its smart contract “codius” like Ethereum. However, they have decided not to proceed with the project. Charles Hoskinson stated that DeFi was incapable of coexisting Ripple technology. Charles Hoskinson praises the CTO of Ripple David Schwartz that he was knowledgeable and an excellent chief technology officer for Ripple.
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