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Ripple breaks silence on shocking controversy
Time and again, Ripple has faced questions over allegedly controlling the XRP Ledger, and the crypto payments company's chief technology officer, David Schwartz, has tried clearing the air.
In an interview with Decrypt on Aug. 6, Schwartz addressed the controversy again. Though he admitted there is a lingering misconception that Ripple controls the XRP Ledger, he said the Ledger's code isn't secretly controlled by Ripple even if the financial institution is a major contributor to the ecosystem.
Though the XRP Ledger is "obviously very important" to Ripple, it has no interest in running the network, he added.
However, it is crucial to understand why the questions around Ripple's centralized control over the XRP Ledger arise. Schwartz is behind both the payments firm and the ledger.
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