The CTO of Ripple elaborates on the aspects that contribute to XRP being a suita

[Coinpedia Fintech News]

Jimmy Vallee, managing director of Valhil Capital, has sparked a new debate about the XRP buyback idea, which has now led to the questioning of the practicality of utilizing XRP as collateral. Chief Technical Officer of Ripple David Schwartz has now reacted to these discussions.

In 2021, Vallee introduced the XRP buyback idea and it was predicated on the idea that XRP would eventually become the world’s reserve currency. On the basis of this assumption, Vallee claimed that governments should own substantial amounts of XRP, calling for the planned buyback.

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