Ripple CTO David Schwartz reveals the currencies he holds in his portfolio

• For a while now, the native token to the San Francisco-based blockchain initiative ripple has been the talk of the town and the centre of a lot of controversies. 

• The company behind the project owns a massive share of the token and as a result of this, many people within the industry have predicted that this is actually a manipulated token and isn’t truly decentralised. 

For a while now, the native token to the San Francisco-based blockchain initiative ripple has been the talk of the town and the centre of a lot of controversies. The company behind the project owns a massive share of the token and as a result of this, many people within the industry have predicted that this is actually a manipulated token and isn’t truly decentralised. On top of this, many investors have actually taken legal action against the company claiming security laws violations.

But ripple is adamant that their token is fully decentralised and says that the token will even be adopted by some of the biggest banks in the world, and other financial institutions for international payments. This is due to the high speed and almost near-zero cost to cross-border transactions.

Of course, executives of the company are very bullish on the token with the co-founder and former chief executive officer of the company, Chris Larsen and the current CEO, Brad Garlinghouse owning a considerable amount of the token in their portfolio. But another executive of the company, David Schwartz is the Chief Technical Officer of ripple and he is one of the original architects of the tokens ledger. It seems he has invested in quite a lot of cryptocurrencies, not just the company's native one. It was revealed in a recent Twitter thread between an enthusiast and Schwartz.

One enthusiast on Twitter asked the CTO when he currently owns any Cryptocurrency and in response, he revealed that he owns bitcoin, ethereum and of course, XRP - as well as other currencies.

Yes. I own XRP and BTC as well as small amounts of BAT and ETH, and very small amounts of a few others.

— David Schwartz (@JoelKatz) September 9, 2020

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!