Following Heavy Criticism, XRP Official Releases Statement

Ripple’s chief technology officer (CTO) David Schwartz acknowledged the speculative movements driving the cryptocurrency market and spoke about the “usage-driven” nature of ￰0￱ questions about XRP’s value proposition from crypto podcaster Scott Melker on X (formerly Twitter) Schwartz described XRP as “a blockchain where people can be their own banks where middlemen don’t tax transactions.” “XRP is the only asset that has no counterparties and is accessible to every account in every jurisdiction with no risk of default

freeze or clawback,” Schwartz ￰1￱ News: Stablecoin Giant Tether Reports an Extraordinary Profit: Here Are the Numbers While Ripple's executive acknowledged that cryptocurrency market values are largely determined by speculation he said “I want to believe in the importance of usage.” Schwartz is expected to step down as CTO at the end of the ￰2￱ revelations have revived the long-standing debate over what constitutes the true value of ￰3￱ investment firms

notably Hargreaves Lansdown and Charles Schwab argue that crypto assets have no inherent value. *This is not investment ￰4￱ Reading: Following Heavy Criticism XRP Official Releases Statement