Ripple CTO rejects proposal to donate 30 billion XRP to XRPL Foundation
Panos Mekras, co-founder of Anodos Finance, suggested that Ripple donate about 30 billion XRP to XRPLF. He hopes that XRPLF will supervise the use of XRP through funding, marketing, and educational activities. In response, Ripple's Chief Technology Officer, David Schwartz, stated that executing this proposal is not feasible. Schwartz emphasized that simply transferring XRP to another entity and expecting responsible use is unrealistic.
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