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CryptoIntelligence 2024-06-11 19:54:24

Ripple CTO Debunks Rumors of Abandoning XRP and Reaffirms Commitment to Token’s Future

Ripple’s Chief Technology Officer (CTO) David Schwartz has addressed rumors suggesting the company might abandon its association with the XRP token. Such rumors have been concerning as Ripple has provided major utilities for XRP, which could negatively impact its price. In an X (formerly Twitter) post, Schwartz clarified that Ripple wasn’t abandoning XRP and explained that the rumors were based on a misunderstanding. The speculation started when an X user (@AspenSignals) posted Schwartz’s cover photo on his X platform, questioning if Ripple was moving away from XRP. The confusion stemmed from Schwartz’s cover photo, which hinted that a “web of

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