FOLLOW US: @theinsaneapp
David Schwartz, Ripple's Chief Technology Officer, clarified about XRP II.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
This was after one of his followers discovered a reference to it within the official documents of the crypto payment company.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Schwartz used Apple Pay and Apple as illustrations to explain that XRP II was a separate legal entity under the control of Ripple Labs.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
It is required to perform specific, different activities. The developer made further clarification that XRP II wasn't a cryptocurrency.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
According to the original document, XRP II sold crypto to third parties. This company was trading XRP for fiat money.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
According to Schwartz's tweet, the document that Schwartz provided to respond to Schwartz's tweet, the LLC in question was earlier named as XRP Fund II.
Twitter | Insatagram | Facebook