David Schwartz marks 11 years at the helm of XRP Ledger

David Schwartz

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  • David Schwartz, Ripple’s CTO, celebrates 11 years with the company, marking a significant milestone in the history of Ripple and the XRP Ledger.
  • The XRP community, known as the “XRP army,” responded positively to Schwartz’s announcement, showing strong engagement and support for Ripple.
  • Ripple executed substantial XRP transfers, including moving 800 million XRP back to escrow, as part of its regular financial operations.

In a recent update on a popular social media platform, David Schwartz, Ripple‘s Chief Technology Officer (CTO), announced the celebration of his 11th year with the company. His “11-year Rippleversary” milestone is significant in cryptocurrency, particularly for enthusiasts and investors of XRP, Ripple’s native digital currency. The announcement has garnered widespread attention and positive reactions from the XRP community.

David Schwartz marks milestone amidst major XRP movements

Significant developments and milestones have marked Schwartz’s tenure at Ripple. His announcement implies that it has been 11 years since the initial launch of the XRP Ledger (XRPL), a key moment in the history of Ripple and its cryptocurrency. Initially named OpenCoin, the company was founded and later rebranded as Ripple Labs in the same year. Schwartz’s role in these foundational moments is crucial, and his contributions to the XRP Ledger and XRP currency are widely recognized and celebrated by the Ripple community.

The response to David Schwartz’s announcement on social media was overwhelmingly positive. The XRP community, often called the “XRP army,” expressed their congratulations and support for the David Schwartz, highlighting the strong community engagement and loyalty that Ripple has cultivated over the years.

In other news related to Ripple, Whale Alert, a service that tracks large cryptocurrency transactions, reported on significant movements of XRP tokens by Ripple. Approximately 13 hours ago, Ripple executed three large transfers involving substantial amounts of XRP. These transfers included 500 million, 200 million, and 100 million XRP, valued collectively at over $486 million. This movement is part of Ripple’s regular transactional activities, where a massive 1 billion XRP was released on December 1st, and 800 million XRP was subsequently returned to escrow.

Additionally, Whale Alert observed an independent transaction involving an anonymous whale withdrawing 17.9 million XRP, worth approximately $10.85 million, from Bitso. Bitso, a leading crypto exchange in Latin America and a Ripple partner plays a pivotal role in Ripple’s payment service, which uses XRP to facilitate transactions. This service, formerly known as On-Demand Liquidity (ODL), has recently rebranded.

Ripple continues growth, driven by strong community support

The recent activities and celebrations around David Schwartz and the XRP Ledger highlight the ongoing interest and confidence in Ripple’s technology and cryptocurrency. As Ripple continues to evolve and expand its services, particularly in international payments and remittances, the company remains a significant player in the blockchain and cryptocurrency industry.

The consistent community support, as evidenced by the reactions to Schwartz’s anniversary and Ripple’s continued operational movements, indicates a strong and engaged user base. This base is crucial for developing and adopting Ripple’s services and the XRP cryptocurrency.

Ripple’s journey, spearheaded by leaders like David Schwartz, is a topic of interest in cryptocurrency. The company’s ability to adapt and innovate, as seen in its regular financial activities and partnerships with exchanges like Bitso, positions it well for future advancements in the digital currency space.

As Ripple’s CTO celebrates his 11th year with the company, reflecting on the launch of the XRP Ledger, the Ripple community and cryptocurrency enthusiasts alike look forward to the continued growth and evolution of Ripple and its contributions to the blockchain and digital currency sectors.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Mutuma Maxwell

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life's work is to introduce the concept of decentralization to people worldwide.

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