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 open to question declaration of whether XRP is also a cryptocurrency, Surge CTO David Schwartz reacted. The controversial statement was made by Ver in a meeting with Omar, a well-known YouTuber. The CEO of and also one of the designers of the XRP Journal, Roger Ver even faced reaction after the statement.

In the meeting he stated about his investment in Ripple. He revealed that he was ‘practically the second individual to be involved in Ripple,’ He shared that Jed McCaleb, that is likewise the Owner of Excellent Lumens [XLM] contacted him to persuade to purchase Surge in 2012. Roger claimed, “Bitcoin was two bucks each and I was doing everything I can to obtain the grip worldwide yet I really did not have that much grip and also the entire market cap was possibly 10 million dollars … So I said sure, not a problem.”

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

Roger even more aimed that ‘today it’s even feasible if Surge is a cryptocurrency’. Ripple could ice up clients bank account whenever they desire. Ripple was introduced to make another bitcoin without any demand of mining.
Roger in his meeting said, “… allow’s claim cryptocurrency if you wish to utilize that, like Surge winds up obtaining the mainstream adoption that everybody ends up utilizing.”

He added,” It’s still much better than the banking system that we have today where they charge 35 bucks to send a cord and it takes a number of days in this and that however it’s not that much better because they could still freeze your account much like they could currently.”

According to AMBCrypto, David Schwartz discussed their post and responded to Roger Ver’s debatable statement. Schwartz stated, “It is truly confusing to me just how @rogerkver went from a person who was driven totally by commitment to concepts of specific freedom to somebody who will exist and distort the truth to advance a system he is bought. ″.

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

He included: “I don’t question that he thinks that system advancements his concepts and that those principles are still important to him. His tactics, nevertheless, are entirely unprincipled. He’s also clever to in fact think a few of those insurance claims.”.


A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Beyond Bitcoinx.

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