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Ripple's ex-CTO says XRP adoption by banks is about utility, not just profit for Ripple.

Market News
02 Apr 2026
UToday
View Source
Bullish
pluang ai news

David Schwartz, former CTO of Ripple, clarified that Ripple's push for XRP adoption by banks is driven by the utility of the digital currency rather than just monetary gain for Ripple. He responded to concerns that Ripple might benefit excessively from XRP's price rise due to holding a large token supply, emphasizing that the company values the practical benefits XRP offers to banks. Ripple continues to promote its products like RLUSD and XRP Ledger globally, with firms such as Aviva Investors adopting these solutions. Schwartz remains an advocate for XRP's role in financial innovation even after leaving Ripple.

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