{"id":9582,"date":"2024-01-09T15:05:22","date_gmt":"2024-01-09T15:05:22","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9582"},"modified":"2024-01-09T15:05:22","modified_gmt":"2024-01-09T15:05:22","slug":"ripple-cto-schwartz-xrp-buyback-rumors","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ripple-cto-schwartz-xrp-buyback-rumors\/","title":{"rendered":"Ripple CTO Schwartz, XRP Buyback Rumors"},"content":{"rendered":"<p>Ripple&#8217;s Chief Technology Officer (CTO) David Schwartz responded to rumors about Ripple buying back XRP tokens. Crypto influencer Mr. Huber pointed out that Ripple sold nearly 238 million XRP in December, evaluating the situation. However, Schwartz stated that Ripple has two options: to continue holding their XRP or to reduce the amount.<\/p>\n<p>Schwartz emphasized that Ripple&#8217;s original plan was to reduce their XRP holdings as quickly as possible. Regarding the option of burning XRP, he mentioned that he hadn&#8217;t thought of a series of events that would lead to such an occurrence and believed it wouldn&#8217;t provide real benefits.<\/p>\n<p>You may notice:\u00a0<em><strong><a href=\"https:\/\/coinengineer.net\/blog\/mining-shares-passed-3-5-billion-transaction-volume\/\">Mining Shares Passed $3.5 Billion Transaction Volume!<\/a><\/strong><\/em><\/p>\n<p>Schwartz rejected the idea that a decrease in supply couldn&#8217;t reduce market value and, therefore, argued against the notion that a significant price increase was necessary. Referring to similar discussions in 2018, he mentioned that Stellar&#8217;s token burn contradicted this theory.<\/p>\n<p>In conclusion, Ripple&#8217;s CTO Schwartz emphasized that the company continues with its plan to reduce its XRP holdings, stating that they have a clear strategy in this regard.<\/p>\n<p>&nbsp;<\/p>\n<hr class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\" \/>\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"content darkmysite_style_txt_border darkmysite_processed\" tabindex=\"0\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"ac-container ac-adaptiveCard darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"ac-textBlock darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple&#8217;s Chief Technology Officer (CTO) David Schwartz responded to rumors about Ripple buying back XRP tokens. Crypto influencer Mr. Huber pointed out that Ripple sold nearly 238 million XRP in December, evaluating the situation. However, Schwartz stated that Ripple has two options: to continue holding their XRP or to reduce the amount. Schwartz emphasized that<\/p>\n","protected":false},"author":13,"featured_media":9583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,2],"tags":[509,3558,3559,506],"class_list":["post-9582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","category-crypto-news","category-news","tag-ripple","tag-ripple-cto-schwartz-xrp-buyback-rumors","tag-schwartz","tag-xrp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple CTO Schwartz, XRP Buyback Rumors - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Ripple&#039;s Chief Technology Officer (CTO) David Schwartz responded to rumors about Ripple buying back XRP tokens.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ripple-cto-schwartz-xrp-buyback-rumors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple CTO Schwartz, XRP Buyback Rumors - 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