Ripple CTO David Schwartz Confirms XRP Sales Are Necessary to Fund Operations, Prioritizing Company Interests

• Ripple will continue to sell XRP to fund operations
• David Schwartz agreed on the fact that Ripple isn’t a security
• The company has more XRP than they could possibly monetize in a short period of time

David Schwartz, CTO of Ripple, confirmed in an X post that the company is selling XRP to fund operations and will continue to do so. He said that Ripple will act on its own interest, and that the public shouldn’t expect Ripple to act to their benefit, especially not if it hurts Ripple’s own interest or those of its shareholders.

The entire discussion started after Pierre Rochard said that XRP isn’t a security. 

Ripple Prioritizes Company Gains & Long-Term Viability

When you look at it from a corporate standpoint, Schwartz’s comments make a lot of sense since Ripple, as a publicly traded company with shareholders, is more than likely to prioritize its own gains and long-term viability over the demands or desires of individual users. 

This means that even if some users push for changes that might benefit them in the short term, Ripple won’t compromise its core business or financial health simply to satisfy those demands.

As a publicly traded company, Ripple is legally and ethically obligated to act in the best interests of its investors, even if those decisions may not always align perfectly with what some users or community members want.

Ripple’s Longevity 

Schwartz also reminded the community that Ripple has been active in the crypto space for about 14 years. He effectively highlighted that the company is anything but a fleeting project. This longevity should instill confidence that Ripple’s team and technology are here to stay, adding to the overall stability of the XRP ecosystem.

He also said that Ripple has more XRP than it could possibly monetize in a short period of time. In other words, the company holds a large amount of XRP that isn’t intended for rapid liquidation. 

The fact that Ripple isn’t required to quickly sell its XRP holdings helps prevent sudden selling pressure. This suggests that even during turbulent market periods, Ripple’s actions won’t add significantly to XRP’s price volatility.

All things considered, 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, no one should expect it to subsidize or implement changes that might hurt its profitability or competitive positioning.