Is XRP even a cryptocurrency? Ripple CTO David Schwartz responds to Roger Ver’s statement

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July 28, 2018 by
Is XRP even a cryptocurrency? Ripple CTO David Schwartz responds to Roger Ver’s statement

After, Roger Ver’s arguable statement of whether XRP is also a cryptocurrency, Surge CTO David Schwartz reacted. The controversial declaration was made by Ver in a meeting with Omar, a popular YouTuber. The CEO of and also among the designers of the XRP Ledger, Roger Ver also faced backlash after the declaration.

In the meeting he said about his financial investment in Surge. He disclosed that he was ‘technically the 2nd person to be involved in Ripple,’ He shared that Jed McCaleb, who is also the Owner of Excellent Lumens [XLM] called him to encourage to buy Surge in 2012. Roger claimed, “Bitcoin was 2 bucks each and also I was doing every little thing I could to get the grip in the world however I really did not have that much grip and the entire market cap was maybe 10 million dollars … So I claimed sure, no problem.”

See also: Ripple confirms Q2 XRP sales more than halved even as customer base grew

Roger additionally pointed that ‘today it’s even arguable if Surge is a cryptocurrency’. Ripple can ice up consumers bank account whenever they desire. Ripple was introduced to make another bitcoin without any need of mining.
Roger in his interview said, “… let’s say cryptocurrency if you want to utilize that, like Ripple winds up obtaining the mainstream adoption that everybody winds up utilizing.”

He included,” It’s still much better compared to the banking system that we have today where they bill 35 bucks to send a cord and it takes a couple of days in this and that yet it’s not that better because they can still freeze your account just like they can now.”

According to AMBCrypto, David Schwartz discussed their post as well as reacted to Roger Ver’s debatable declaration. Schwartz said, “It is genuinely complicated to me exactly how @rogerkver went from an individual who was driven completely by commitment to concepts of specific liberty to someone who will lie as well as distort the truth to advance a system he is purchased. ″.

See also: Wirex receives $2 million worth Ripple’s XRP deposits in 12 hours

He added: “I don’t question that he thinks that system developments his concepts and that those concepts are still essential to him. His strategies, nevertheless, are completely unprincipled. He’s also smart to really think some of those insurance claims.”.


A Business Correspondent at Ripplewater, Priya Raja has more than three years of professional experience in journalism. She has worked as an Assistant Editor and Content Writer prior to this, and has done Technical Writing and Business Writing. Outside the professional realm, she loves blogging, painting, crafts, and dancing. Basically, anything CREATIVE!

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