Ripple CTO Regrets Choosing Company’s Stock Instead of XRP

David Schwartz, the chief technical officer (CTO) at blockchain startup Ripple, recently stated in a tweet that choosing a company stake over XRP was “probably” a “very huge” mistake. The three creators of Ripple – Arthur Britto, Jed McCaleb, and Chris Larsen – shared 20 billion XRP. Instead of the token, Schwartz acquired a 2% share in the business. The jury is still out, but it probably turned out to be a pretty big mistake. A number that was thrown around was 500 million XRP. And, of course, XRP is nearly perfectly liquid. 1/2 — 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) July 18, 2022 Receiving XRP From Ripple Was Pointless According to the XRP Ledger’s creator, he might have gotten over 500 million tokens. The executive says that since he could easily purchase the coin on exchanges, receiving XRP from Ripple was pointless. The price of the XRP cryptocurrency is $0.36 right now. The cryptocurrency is currently down 89.27% from its all-time high, which was set back at the beginning of 2018. At the height of the XRP rise, Larsen’s net worth soared to $59.9 billion. According to Forbes, the co-net founder’s worth as of 2022 was only about $3 billion. 6.3% of the company is owned by CEO Brad Garlinghouse, who joined Ripple in April 2015, in addition to his “nine figures” personal XRP holdings. As per the XRP Scan data, McCaleb, who departed Ripple in 2014 after a disagreement with senior executives, finally spent all of his money ...