Ripple’s Chief Technology Officer, David Schwartz, recently shared some intriguing details about his background, early days at Ripple, and what might lead him to leave the cryptocurrency payments firm.
Schwartz opened up about his journey at Ripple in response to a tweet from MetaMan, a prominent figure in the XRP community. MetaMan had clarified that Schwartz’s loyalty lies with Ripple as a company, rather than specifically with XRP and its underlying blockchain, XRP Ledger (XRPL).
In his response, Schwartz revealed that he joined Ripple in its early stages after being invited by Chris Larsen, the company’s chairman and co-founder. Schwartz pledged his loyalty to Larsen, stating that he would stand by him as long as he deemed him the most suitable leader for Ripple’s operations. However, he made it clear that his loyalty ultimately lies with Ripple as an entity, rather than with Larsen personally.
While expressing his admiration for Larsen’s rationality, Schwartz acknowledged the possibility of being wrong if he fails to convince Larsen of his perspective.
Schwartz went on to disclose that he holds a significant amount of Ripple stock, having chosen it over XRP when given the opportunity. However, he emphasized that owning Ripple stock does not necessarily bind him to continue working at the cryptocurrency payments giant.
Schwartz candidly stated that he would leave Ripple if he no longer found it enjoyable to work there. This suggests that his passion and enjoyment for the company play a crucial role in his commitment.
Despite his substantial holdings in Ripple stock, Schwartz recently revealed that he is not yet a billionaire. He humorously mentioned the need to captain his yacht and the absence of a servant in his mansion, indicating that he still has some financial aspirations.
It is worth noting that Schwartz has previously expressed regret over his decision to opt for Ripple stock instead of XRP, a choice made by other executives at the company. When Schwartz joined Ripple’s board, he decided to receive a 2% stake in the company rather than 500 million XRP, which the co-founders received.
In conclusion, David Schwartz’s revelations highlight his loyalty to Ripple as a company, his admiration for Chris Larsen, and the factors that could lead him to leave his position at Ripple. While he holds a significant amount of Ripple stock, he humorously admits to not yet being a billionaire. It is important to conduct thorough research before making any investment decisions, as this article is solely for informational purposes and should not be considered financial advice.