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Ripple news

Senior Software Developer Leaves Ripple To Work on Coil

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Senior Software Developer Leaves Ripple To Work on Coil
Senior Software Developer Leaves Ripple To Work on Coil

Evan Schwartz, senior software developer at major crypto firm Ripple announced that he is leaving the cryptocurrency company after six and a half years. On Jan 2, the software engineer took to Twitter to announce that after working 2,328 days at the blockchain giant, today will be his last. Schwartz tweeted:

“After 2328 days, or just under 6.5 years, today is my last day at @Ripple. Thank you to everyone who helped make it such an exciting ride; I’ll be cheering the team on from the outside. Keep on building the #InternetOfValue!”

Schwartz co-invented the Interledger protocol, which is an open suite of protocols for connecting ledgers of all types and a payment solution that is at the base of Ripple’s vision of the internet-of-value.

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After thanking everyone for the “exciting ride” Schwartz assured the XRP community that he will be staying involved in the Interledger project and web monetization platform Coil. Schwartz’s LinkedIn profile reveals that he is serving as a board member for Coil, which is a platform that provides an alternative method for creators to monetize their content online. As subscribing fans consume content, the platform uses an open API called web monetization to stream micropayments to creators instantaneously.

The API is built on the Interledger protocol that Schwartz helped to create. Ripple’s investment arm, Xpring, participated in Coil’s $4 million seed round and provided a 1 billion XRP grant to the platform this August, worth around $265 million at the time. Ethan Beard, senior vice president of Xpring, commented on the investment at the time:

“Advertising and site-by-site subscription models are ready for disruption […] The low cost and fast transactions of XRP makes it an ideal tool for Coil to offer an alternative monetization method and have a positive impact on creators.”

Ripple news

Ripple’s Xpring Creates A Developer Relations Forum

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Ripple’s Xpring Creates A Developer Relations Forum
Ripple’s Xpring Creates A Developer Relations Forum

Ripple’s Xpring will launch a community web page and forum referred to as “developer relations,” or DevRel, for its developer platform. Most of Xpring’s employees work on the engineering and product side of the table, explained a Feb. 1 blog post on the Xpring website. “We think of DevRel as the ears and mouth of Xpring,” the post reads.

Xpring originally functioned as Ripple’s investment branch. In October 2019, Ripple also launched an Xpring developer platform, giving creators a venue for digitizing money. Several months later, in December 2019, Xpring added features to its platform, including SDK, which added compatibility for programmers’ apps.

According to the blog post, Xpring mentioned communicating with builders via content, events and support. Xpring aims to present developers with helpful materials like sample code and tutorials. The blog post also mentioned hosting conferences, as well as giving technical support, all in an effort to engage the community around the Xpring platform. accordingly should a response come in.

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Altcoin News

‘I Think XRP Is a Scam’ Says Ben Askren Former UFC Star And Bitcoin Advocate

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‘I Think XRP Is a Scam’ Says Ben Askren Former UFC Star And Bitcoin Advocate
‘I Think XRP Is a Scam’ Says Ben Askren Former UFC Star And Bitcoin Advocate

As regulatory concerns over XRP — the world’s third-biggest crypto asset — have intensified, some celebrities are stepping in to voice more FUD about the coin. Ben Askren, former UFC fighter and known Bitcoin (BTC) bull, has driven more scepticism toward XRP with a short tweet on Jan. 28: “I think XRP is a scam.”

Askren’s latest cryptocurrency verdict builds on a background of previous endorsements of other cryptocurrencies. The famous former Olympic wrestler is not only bullish on Bitcoin, but also supports Charlie Lee-founded Litecoin (LTC), the seventh biggest cryptocurrency by market cap as of press time. In January 2019, Askren was purportedly sponsored by the Litecoin Foundation as the mixed martial arts fighter for UFC 235 event. Subsequently, the UFC fighter appeared on his Instagram wearing a Litecoin-branded t-shirt. The celebrity has also promoted Bitcoin on his Twitter in October 2019:

“Just bought more BTC using @eToro was really easy, now all of you twitter geniuses can tell me Crypto is a scam while my assets go up!”

As Askren has been known as a shill for BTC and LTC for a while, a user on Twitter asked him a question: “The fact @Benaskren is staying quiet on XRP tells me its going to take it a long time if ever to moon.” Askren’s verdict didn’t take long, and a part of the crypto community on Twitter expressed some negative stance toward XRP, while the tweet has amassed over 2,000 likes as of press time.

Askren’s statement about XRP comes amid an already worsened situation around the coin as XRP dropped over 40% from $0.364 in 2019 to $0.183 in December, marking a two-year low. The situation has been exacerbated by rising concerns over the unclear regulatory status of XRP’s issuing company, Ripple, which faces a class-action lawsuit alleging that it held an unregistered sale of securities. Despite all this, CEO Brad Garlinghouse has recently hinted at an initial public offering for Ripple, which undoubtedly has some implications for the fate of altcoin. At press time, XRP is trading at $0.238, up over 1% over the past 24 hours, following a major green trend on crypto markets.

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Ripple news

The CEO Of Ripple Drops A Hint About An IPO

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The CEO Of Ripple Drops A Hint About An IPO
The CEO Of Ripple Drops A Hint About An IPO

XRP investors were surprised to hear Ripple CEO Brad Garlinghouse drop a bombshell comment during the World Economic Forum in Davos regarding the company potentially listing on the public markets in the near future. This comment came close on the heels of news regarding the company raising a whopping $200 million from private investors, as well as reports regarding their Q4 XRP token sales being the smallest seen in nearly three years.

 Although it remains unclear as to what implications a Ripple public listing could have on XRP, investors in the embattled token don’t seem to be too enthused about the news. During a discussion at the Wall Street Journal’s “Journal House” panel in Davos Switzerland, the Ripple CEO made the comments regarding engaging in a public listing in the near future, telling the panel host that Ripple won’t be the first nor the last to go public, but that they will be on the “leading side” of blockchain companies being listed. He said, as reported by Asheesh Birla, the SVP of Product at Ripple:

“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.”

This is certainly notable news, as it signals that the company’s recent $200m Series-C private capital raise might be their last round of fundraising before they undergo an initial public offering.

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XRP has long been critiqued as simply a fundraising mechanism for Ripple, and the latest news regarding the company’s potential IPO has led some analysts and investors to note that the company may not need to build utility around XRP after they list on the public markets. Cantering Clark, a popular cryptocurrency analyst on Twitter, called Garlinghouse’s recent comments the “ultimate fade” on investors in the embattled token. He facetiously noted:

“[Brad Garlinghouse] just pulled the ultimate fade on $XRP holders… Oh, uh guys, yeah we are actually going to IPO now, and offer shares that carry equity..so,…uh….about those coins. (Obsolete)”

Of course, there’s no guarantee that a public listing will impact Ripple’s eagerness to build utility around the XRP token, but it will make it much easier for them to operate without having to add value to the XRP ecosystem.

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