Ripple's CTO: We Sell XRP for Our Own Interests

Ripple's CTO, David Schwartz, has confirmed that the company is selling XRP to fund its operations, prioritizing its own interests. In a recent discussion, Schwartz emphasized that Ripple will act in its own best interest, even if it means not satisfying the demands or desires of individual users.

From a corporate perspective, Schwartz's comments make sense. As a publicly traded company with shareholders, Ripple is legally and ethically obligated to act in the best interests of its investors. This means that the company may not always align with the wants of users or community members, especially if those demands compromise its core business or financial health.

Schwartz also highlighted Ripple's longevity in the crypto space, having been active for about 14 years. This longevity instills confidence in the company's team and technology, contributing to the overall stability of the XRP ecosystem. Additionally, Schwartz noted that Ripple holds a large amount of XRP that isn't intended for rapid liquidation, which helps prevent sudden selling pressure and reduces XRP's price volatility during turbulent market periods.

In summary, Schwartz's message serves as a reminder to the community that while Ripple aims to build innovative technology and products such as XRP and RippleNet, the company will not subsidize or implement changes that might hurt its profitability or competitive positioning. Instead, Ripple will continue to sell XRP to fund its operations, prioritizing its own interests and those of its shareholders.