Top 10 by market value cryptocurrency between the unit Ripple’s (XRP) David Schwartz, one of its founders and currently the CTO of Ripple, XRP He admitted that he regretted buying shares in the company instead of the token.
Twitter user Linda P. Jones quoting David Schwartz’s 2018 interview with Forbes “Schwartz choosing Ripple stock over XRP” he questioned.
Replying to this post, David Schwartz said, XRP admitted that choosing stocks over tokens was a big mistake. Because Ripple founders Arthur Britto, Jed McCaleb and Chris Larsen preferred to buy XRP tokens.
500 million if Schwartz had chosen XRP over stock like them XRP He claimed he could.
back then XRP stating that he needs money instead Ripple Its CTO said he thinks he can buy XRP from exchanges as well.
“But to be clear, the choice of stock was a big mistake and the choice I was faced with was more about getting XRP or a salary.
I needed money back then, and when XRP hit the exchanges, I thought I could buy it.
So there was really no reason to buy XRP from Ripple.”
But just to be clear, that wasn’t really the choice that I was confronted with. It was more about taking XRP or a salary in the early days, and I needed the money then. Once XRP was on exchanges, I could just buy it, so really no reason to get it from Ripple. 2/2
— 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) July 18, 2022
Jed McCaleb, who left Ripple in 2014, received compensation XRPHe ended up selling his .
With the last 5 million XRP remaining, Jed McCaleb announced in an interview with CTC News that he will not sell his last 5 million XRP and will keep the remaining XRPs as a kind of security for his family.