Ripple CTO David Schwartz has joined a heated debate after Custodia Bank CEO Caitlin Long Critized Ripple, the XRP Ledger (XRPL) and his Stablecoin Rlusd in a podcast clip shared on X. Long doubted the decentralization of XRP, compared Ripple’s early financing with an ICO, and argued that the blockchain had been achieved between banks and other benches. Her comments quickly pulled pushback from XRP community member fat, which disputed her claims, as a result of which Schwartz Long invited for a direct, fact-based discussion.
Caitlin criticizes Long Ripple and XRP
Caitlin Long, CEO of Custodia Bank, did not stop in her vision of Ripple and XRP In a recent episode of The Gold Goats’ n Guns Podcast. In her comments in the podcast, Long noted that Ripple’s early financing model, which she described as the first of the ICOs, has permanently hindered institutional confidence in XRP. She said that Ripple had been active for longer than most blockchain projects, but had not made significant progress in replacing traditional banking systems such as Swift.
According to herthat of the company Go to Rlusd Through his own regulated financial entities, a remarkable pivot point of exclusively trusting the XRPL as a global layout layer is. Although she acknowledged that the American regulatory pressure under the BIDEN administration had influenced Ripple’s activities, she claimed that the base layer network would probably not be the backbone of international payments.
With this in mind, Long predicted that when the American treasury ultimately decides on a blockchain for token token token, it will probably be Choose Ethereum above Ripple Because of the maturity of the first and better adoption.
XRP -Community and CTO Fire Back
Her comments shouted a detailed reply From prominent XRP -community member -veterinarian, who has rejected Long’s claims incorrectly. As noted by Vet, Ripple never performed an ICO, XRP was worthless when it was made and all 100 billion tokens were founded in a Genesis account. Vet also defended the decentralization of the XRPL, pointing to more than 1,000 nodes and more than 100 independent validators run by private individuals and companies worldwide.
He noted that Ethereum, on the other hand, was launched through an ICO. In addition, the veterinarian emphasized the continuous integration of the XRPL in his payment products and the fact that RLUSD is spent on the ledger. He quoted growing business usuals, continuous technical changes and the historical role of the XRPL as the first blockchain with a native decentralized exchange and token rise options.
After the vet’s answer, David Schwartz also went to X to tackle the claims of Caitlin Long immediately. Although He noticed that The member of the community had already given “a few basis” to start the actual discussion, the Ripple CTO for a long time invited an open conversation about Ripple, RLUSD, the XRPL and XRP.
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