- Schwartz, Ripple CTO, stated that the criticism of Ripple as a scam is due to the tendencies of the competitive virtual asset market.
- Ripple is currently used to solve real financial problems and plans to continue its connection with traditional finance.
- Ripple's development directions include building institutional DeFi, supporting stablecoin and tokenized asset trading.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
David Schwartz, Ripple's Chief Technology Officer (CTO), explained that the criticism of Ripple as a scam arises from the competitive nature of the virtual asset (cryptocurrency) industry.
On the 29th, CTO Schwartz shared this insight while participating in the Ripple Community Day on X (Twitter).
Specifically, he stated, "Some investors claim Ripple is a scam, but Ripple is already being used to solve real financial problems," emphasizing that "in the virtual asset market, there is a tendency to criticize other virtual assets to increase the value of their own holdings."
Meanwhile, this year's key development directions for the Ripple Ledger include ▲ building institutional decentralized finance (DeFi), ▲ supporting stablecoin and tokenized asset trading, and ▲ adding smart contract functionality. CTO Schwartz stated, "Ripple plans to continue its role in connecting traditional finance with the industry," adding, "Within the next five years, we will see the virtual asset market become more mainstream."

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
Truthfi Registers Trademarks for Six Products Including 'Bitcoin Plus ETF'
6 hours ago
U.S. Initial Jobless Claims at 219,000, Exceeding Wall Street Expectations
6 hours ago
Bank of England Cuts Base Rate by 25bp to 4.5% Annually
8 hours ago
'DeepSeek Phobia' Spreading... Could It Affect Bitcoin?
9 hours ago
"U.S. Drives Crypto Asset Promotion... Urgent Need for 'Phase 2 Legislation' in Korea"
10 hours ago