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08/07 00:56

Ripple CTO Breaks Silence on Caitlin Long’s ‘XRP I

Ripple CTO Breaks Silence on Caitlin Long’s ‘XRP ICO’ Misconception

Ripple CTO David Schwartz counters Caitlin Long’s XRP ICO misconceptions. Validator emphasizes XRP Ledger’s decentralization.



Highlights

Ripple CTO denies XRP ICO claims, invites Caitlin Long for clarification talks.

XRPL validator refutes centralization claims, highlights 1,000+ independent nodes.

Ripple’s stablecoin RLUSD launches on XRP Ledger, not just Ethereum.

Ripple CTO David Schwartz has offered to clarify key facts about Ripple, its RLUSD stablecoin, the XRP Ledger, and XRP. He made the statement in response to a recent criticism from Custodia Bank CEO Caitlin Long.

Ripple CTO Addresses XRP Doubts, Open to Dialogue with Caitlin Long

In a post on X, Schwartz told Long he is available “whenever” she wants to discuss the matter directly. His message came after Caitlin Long claimed Ripple has failed to live up to its early promise.

In a recent podcast, she said platforms like Bitcoin and Ethereum are better suited for tokenization because they required little or no capital to launch. Long contrasted this with Ripple’s XRP initial coin offering (ICO).

She also questioned why the company has not replaced financial systems like SWIFT despite its long presence in the space. Long also pointed to Ripple’s stablecoin launch on Ethereum as evidence that the XRP Ledger may not serve as the foundational layer Ripple once envisioned.Ripple CTO referenced the prominent XRPL validator’s (@Vet_XO) response as a start of the clarification. Then, Long can seek an audience with him for any additional discussion

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