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Ripple's ex-CTO confirms XRP concept predates Bitcoin but XRP token launched after Bitcoin's creation.

Market News
27 Jun 2026
BeInCrypto
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Neutral
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David Schwartz, former CTO of Ripple, clarified that while a payment concept by Ryan Fugger in 2004 predated Bitcoin by five years, the XRP token and XRP Ledger were launched in 2012, three years after Bitcoin's inception. Fugger's early design was a trust-based credit network without decentralized assets or a native token, distinguishing it from Bitcoin's open bearer assets secured by proof of work. This distinction is important as it separates the idea from the actual cryptocurrency XRP, which came later. Meanwhile, Ripple is expanding its regulatory presence in Europe with MiCA approval, signaling growth beyond the origins debate.

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