David Schwartz Steps Down as Ripple CTO After Thirteen Years
- David Schwartz announced his resignation as Chief Technology Officer of Ripple on September 30, after over thirteen years in the role.
- He plans to step back from day-to-day duties by the end of this year to spend more time with family and pursue personal interests.
- Schwartz will remain connected to Ripple as Emeritus CTO and join the Board of Directors, allowing him to contribute while exploring new XRP use cases independently.
- Monica Long, Ripple’s president, acknowledged Schwartz’s significant contributions to the development of XRP and its ecosystem.
- As XRP’s price approaches $3, it remains below its historic peak of $3.84, indicating potential for future recovery.
Schwartz’s departure marks a significant transition for Ripple, but he intends to maintain involvement in the XRP community through independent projects and operating an XRP Ledger (XRPL) node.
With XRP trading near $3, this leadership change could influence future developments within the community and market dynamics.(Source)
