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Does Ripple Control XRP? ‘Absolutely Not’, Insists Ripple CTO

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One of the issues casting a shadow on the XRP cryptocurrency is just how decentralized it is. After all, Ripple owns the lion’s share of XRP’s supply and relies on the cryptocurrency to power its cross-border payment products. Ripple CTO David Schwartz, however, insists that the blockchain startup is not pulling the strings on the cryptocurrency. Schwartz participated in a Quora session, saying in response to a question on whether XRP is controlled by Ripple: “Absolutely not. The XRP Ledger is open source technology with a robust community of developers, so if Ripple were to vanish, XRP and the XRP

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* First published on ccn.com

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