Ripple CTO Emphasizes XRP is Not a Security. “We Need To Get Rid of That Uncertainty,” He Says

During Thursday’s “Blockchain Beyond the Hype: The Ripple Effect” session at SXSW, Ripple CTO David Schwartz explained to the audience why the Ripple team considers XRP not a security.

According to Schwartz, it is necessary to know the history of XRP and Ripple in order to evaluate whether or not the token is a security. He told the story of how XRP was created first and then the company Ripple was built to exploit the technology surrounding the XRP ledger (solutions such as xRapid, xVia, xCurrent and the promotion of XRP).

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