David Schwartz Says Ripple “Almost Had to Hide” XRP Use Before Institutions Wanted Blockchain Strategies

Ripple CTO Emeritus David Schwartz has revealed that the company initially had to make XRP payments almost invisible to customers because banks and financial institutions were hesitant to adopt blockchain technology. He shared this while speaking to Thinking Crypto host Tony Edward at Evernorth’s Nasdaq listing event. “At first, we almost had to hide it,” Schwartz said , referring to how Ripple introduced XRP into payment flows to some customers. Schwartz explained that Ripple initially focused on making blockchain-based payments work in the background, allowing customers to complete transactions without needing to understand the underlying technology. “You just make the payment,” he said, describing the approach. “Something is happening in the background.

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