Ripple News: David Schwartz Says XRP Was Built To Let You Be Your Own Bank, Not Somebody Else’s

David Schwartz, chief architect of the XRP Ledger and Ripple’s CTO Emeritus, has firmly rejected one of the XRP community’s most requested features. Schwartz said he is “not a big believer” in native staking, and his explanation goes to the heart of why XRP is not a security. At Ripple Swell, Schwartz said there are many reasons native staking is a bad fit for the XRP Ledger, but the biggest is simple: where would the yield come from? His answer reaches back to the long debate over XRP’s legal status. He argued: “Staking is like, that’s how companies work.