XRP Ledger Foundation denies rumor: Ripple will not abandon XRP

Once the XRP Ledger Foundation is established, Ripple will continue to invest in the future of the XRP Ledger, according to Bharath Chari.

The newly formed foundation will not take over the non-circulating XRP supply from Ripple.

Bharath Chari, the spokesman of the newly founded XRP Ledger Foundation (XRPLF), which was established on September 24, denied the rumor in an interview with Forbes that Ripple will not invest in the development of the XRP Ledger in the future.

 The rumor came up within the XRP community right after the foundation, as the newly formed foundation is supposed to drive the growth, innovation as well as the development of the XRP Ledger and the community.

These main tasks have created confusion within the community because they overlap with those of Ripple to some extent. However, Chari rejected speculation that the XRP Ledger Foundation would lead the future development of XRPL while Ripple would not invest as heavily in the future of XRPL.

 According to the XRPLF spokesperson, Ripple will continue to play a key role in the development:

We don’t see this as being the case at all, even though this question is better answered by Ripple.

 As in the case of many open-source projects, stakeholder companies invest time and resources in helping develop it.

 

The XRPLF sees Ripple in a continued role as a key developer on both the technical and business aspects of the XRPL.

 Furthermore, the XRPLF is only an entity that promises to act in the best interests of the XRPL.

There is no question of controlling an open, decentralized ecosystem like the XRPL.

Regarding the non-circulating supply of XRP under Ripple’s control, the Forbes correspondent asked if Ripple will transfer a large portion of the non-circulating supply to the XRPLF to make the XRP Ledger more decentralized. Chari replied:

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