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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Ripple: Decoding recent developments around ‘XRP buyback’ theoryWhale accumulation registered a sharp uptick in January. XRP’s weighted sentiment dipped to negative levels. Pro-Ripple lawyer John E Deaton dissociated himself from the XRP’s buyback proposal and denied accepting any money for his efforts in the two-year-long Ripple vs SEC lawsuit. He stated, “Unless I file an appearance as a defense counsel representing a […]
Read more »