Is XRP even a cryptocurrency? Ripple CTO David Schwartz responds to Roger Ver’s statement

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July 28, 2018 by
Is XRP even a cryptocurrency? Ripple CTO David Schwartz responds to Roger Ver’s statement

After, Roger Ver’s arguable statement of whether XRP is even a cryptocurrency, Surge CTO David Schwartz responded. The questionable declaration was made by Ver in a meeting with Omar, a widely known YouTuber. The Chief Executive Officer of and one of the architects of the XRP Ledger, Roger Ver even dealt with backlash after the declaration.

In the meeting he stated about his financial investment in Surge. He disclosed that he was ‘technically the second individual to be associated with Surge,’ He shared that Jed McCaleb, who is additionally the Owner of Outstanding Lumens [XLM] contacted him to encourage to buy Surge in 2012. Roger stated, “Bitcoin was 2 dollars each and I was doing every little thing I might to get the traction in the world but I didn’t have that much grip and also the whole market cap was possibly ten million dollars … So I claimed sure, no worry.”

See also: Ripple confirms Q2 XRP sales more than halved even as customer base grew

Roger even more aimed that ‘today it’s even arguable if Ripple is a cryptocurrency’. Surge could ice up consumers bank account whenever they want. Ripple was introduced to make one more bitcoin without any demand of mining.
Roger in his interview said, “… let’s claim cryptocurrency if you intend to make use of that, like Ripple end up getting the mainstream adoption that everyone ends up utilizing.”

He added,” It’s still far better than the banking system that we have today where they bill 35 dollars to send a cable and it takes a couple of days in this which but it’s not that much better due to the fact that they can still freeze your account similar to they can now.”

Inning accordance with AMBCrypto, David Schwartz commented on their article and also replied to Roger Ver’s open to question statement. Schwartz stated, “It is genuinely confusing to me how @rogerkver went from a person that was driven entirely by devotion to principles of private freedom to a person that will lie and distort the reality to advance a system he is invested in. ″.

See also: Wirex receives $2 million worth Ripple’s XRP deposits in 12 hours

He added: “I don’t question that he believes that system breakthroughs his concepts which those concepts are still essential to him. His methods, however, are entirely unprincipled. He’s too wise to really think some of those insurance claims.”.


A Business Correspondent at Ontologywiki, Priya Raja has more than three years of professional experience in journalism. She has worked as an Assistant Editor and Content Writer prior to this, and has done Technical Writing and Business Writing. Outside the professional realm, she loves blogging, painting, crafts, and dancing. Basically, anything CREATIVE!

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