David Schwartz, CTO of Ripple, shares a shocking fact about his early investment in XRP, generating significant buzz in the crypto community.
Account of XRP Purchase
The recent revelation by David Schwartz that he bought XRP at $0.006 drew attention to his early involvement in the project. Reports suggest this price was significantly lower than the $0.50 many traders believed was the entry level.
Long-Term Commitment to Ripple Technology
Schwartz's involvement with Ripple since its inception sets him apart from co-founders, as he did not receive a substantial amount of XRP as compensation. Instead, he received a salary and a 2% interest in the company. Unlike others like Jed McCaleb, who sold off his tokens, Schwartz remains committed to the project.
Community Reaction to Schwartz's Revelation
Reactions following the disclosure about the purchase price were swift. Many were surprised that Schwartz entered the project well before what was previously assumed. His public leadership and transparency add to his strong connection with the project.
David Schwartz's revelation of purchasing XRP at $0.006 sheds light on his early financial strategy and leads to new discussions on Ripple's position in the crypto space.
