The origins of XRP, a leading cryptocurrency, continue to stir debate within the crypto community. This controversy was recently reignited by a post on X from notable crypto figure @myfriendblondie.
The Debate on XRP’s Origins
One user in the community shared a previous post from Ripple CTO David Schwartz, where Schwartz stated, “XRP was given to Ripple not created by Ripple.” However, in a 2020 post, Schwartz clarified the situation by stating, “It is misleading to say Ripple had ‘nothing to do with the creation of XRP’. The people who created XRP are pretty much the same as the people who created Ripple and they created Ripple originally to, among other things, distribute XRP.” This statement implies a deeper connection between Ripple and the creation of XRP than initially suggested.
Community Responses
Your Friend Blondie responded to the post, calling on Schwartz for an answer. At press time, Schwartz has not responded. Another user expressed frustration, stating, “Why don’t you just stop demoralizing the community, and stick to the facts that #XRP is an indispensable digital currency for the new financial systems.” This community member proceeded to ask Your Friend Blondie to do the community a favor and sell her XRP if she was not willing to hold on to the tokens.
Ripple's Relationship with XRP
Another user provided a different perspective, writing, “Yeah, that’s the problem. Ripple is the one that’s going to be expanding working with all the banking systems transactions, etc. ‘not and I repeat not XRP’… two different companies.” The user noted that Ripple is a private software company that is entirely separate from XRP and the XRP Ledger (XRPL). Experts believe Ripple has good reasons not to abandon XRP, such as the massive amounts of tokens in escrow. Ripple has also built much of its technology around XRP and spent almost four years fighting for this digital asset in court against the U.S. Securities and Exchange Commission (SEC), showing the company’s confidence in the token.
Ripple’s relationship with XRP has been a critical aspect of its business model, especially considering Ripple’s efforts to integrate XRP into global financial systems. While the question of whether Ripple created or was given XRP has not been definitively answered, many in the community believe the focus now should be on its future and not the past.
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