Is Ripple leaving XRP behind? CTO David Schwartz addresses growing community concerns about XRP
Ripple's recent moves have left the XRP community with a lot of questions, and people are debating the company's long-term strategy as a result. Amid all this confusion, one of the most pressing concerns is Ripple's pivot toward supporting RLUSD on the Ethereum blockchain. Ripple CTO Addresses Smart Contract Controversy
A recent post by someone in the XRP community sums up these worries. It talks about concerns of a pre-IPO stock buyback, attempts to build liquidity on the XRPL and Ripple's direction as it navigates this complicated terrain.This post also highlighted the unusual nature of Ripple's $1.4 billion pre-IPO buyback, raising questions about the timing and intent of such a move. They also questioned why the company would divert to Ethereum if their focus had been so heavily tied to the XRPL.
I'd prefer to see us using XRP on XRPL rather than RLUSD. But I think we'd all prefer anything on XRPL over anything else. Saving the cost of the centralized exchange is big.on the XRPL over RLUSD because it avoids centralized exchanges and cuts costs. But it seems that, even though Ripple is supporting Ethereum in this case, the XRPL is still central to the company's vision.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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