Ripple's Revenues Depend on XRP Sales, Says Garlinghouse

• David Schwartz has shed light on the ongoing debate over XRP sales in a recent tweet.
• According to Schwartz, Ripple Labs' purpose has been to distribute XRP and generate revenue to sustain its operations.
• Brad Garlinghouse has acknowledged the company's reliance on XRP sales for survival.

In a recent tweet, Ripple's Chief Technology Officer, David Schwartz, addressed the ongoing discourse surrounding the purpose and nature of XRP sales. Schwartz clarified that Ripple, headquartered in San Francisco, was established with the goal of distributing XRP as widely as possible and generating revenue from sales to sustain its operations if needed.

This discussion takes place against the backdrop of the...

by dailycoin