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The risk control of VX has been serious recently. If you can't add it, please add Penguin QQ: 3838974575 VX：BTC800WU Ripple Chief Technology Officer David Schwartz is stepping down after 13 years to serve as a board member while remaining active in the XRP community. Supporters praised his achievements, while critics warned that his exit signaled Ripple's difficulties amid growing competition in cross-border payments. XRP fell by 1.54% following the news, but overall market weakness also contributed to the price decline.  David Schwartz, Ripple's long-time chief technology officer (CTO) and one of the chief architects of the XRP Ledger (XRPL), has announced that he will step down from his role at the end of the year after more than a decade of service. His departure sparked strong reactions in the XRP community. Many expressed gratitude, respect and confidence in his legacy. However, some people worry that his departure indicates that "XRP has failed." Ripple CTO departure raises questions about XRP’s future Schwartz joined Ripple in 2011 as a cryptographer and was promoted to chief technology officer in 2018. He expressed his gratitude for his 13-year tenure in a personal statement posted on X (formerly Twitter).  “At the end of this year, I will step down from my day-to-day role as Ripple CTO. I'm really looking forward to spending more time with my kids and grandkids and picking up hobbies that I've put on hold. ”he posted. Schwartz also said that while he may no longer serve as chief technology officer, he will still maintain close ties with Ripple. “But please note that I will not leave the XRP community. You haven’t seen the last of me (now, or ever),” Schwartz added. The executive revealed that he has accepted a seat on the company's board of directors and will receive the honorary title of honorary chief technology officer. The news sparked mixed reactions in the cryptocurrency community. Many expressed their appreciation and respect for Schwartz’s contributions, calling him an “XRP community legend.”  One community member even predicted that this suggests XRP will “fly to the moon and beyond.” However, not all reactions have been positive. Crypto Bitlord, a well-known cryptocurrency commentator, interpreted this statement as Ripple’s admission of strategic failure. Bitlord believes the timing of Schwartz’s departure will only exacerbate concerns. Recently, Swift announced a partnership with ConsenSys, which could mean Ripple faces stronger competition in the cross-border payments space. “The CTO resigned in order to 'investigate other use cases for XRP' (beyond Ripple's focus areas). We are at the stage where they are starting to admit defeat publicly,” he posted. He speculated that Schwartz’s addition to Ripple’s board may be related to preparations for an initial public offering (IPO), as XRP can no longer be “dumped to retail investors.” Fact: Ripple Labs has yet to generate any cash flow other than dumping XRP on consumers. (No one disputes this fact. ) I've been here as long as Joel and to be honest, I just have higher expectations for holders. We expect competition to increase, but there are no clear answers yet. It’s not optimistic for a CTO to quit his job to enjoy life and hobbies. All I can do now is pray that hope is dashed. this user explained. Meanwhile, the price of XRP fell by 1.54% over the past day following Schwartz’s disclosure.  However, the decline could also be due to a broader market correction, with total market capitalization falling by 0.64% over the same period. Data from BeInCrypto Markets shows, At press time, the altcoin was trading at $2.85。The risk control of VX has been serious recently. If you can’t add it, you can add Penguin QQ: 3838974575 VX：BTC800WU |
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