Ripple’s CTO confirms ‘never happening’ proposal as XRP momentum slides

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Ripple’s CTO confirms ‘never happening’ proposal as XRP momentum slides
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Ripple’s development head held the firm’s ground on the global reserve currency proposal. XRP’s momentum drifted towards the reds. A section of the Ripple [XRP] community has long hoped for approval for the token’s buyback proposal since 2021. But all that desire may now be a pipe dream as the project’s Chief Technology Officer (CTO) […]

XRP’s momentum drifted towards the reds.community has long hoped for approval for the token’s buyback proposal since 2021. But all that desire may now be a pipe dream as the project’s Chief Technology Officer put a nail to the coffin.When asked about his comments on the matter, CTO David Schwartz said it was ridiculous, and directly called it a “scam”.

And, a buyback XRP rate based on the supply potential held by governments could help a retail reclaim.

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