Speculation about a supposed “private version” of XRP created waves across the crypto community this week, fueled by whispers of a faster, institution-only variant of the digital asset. According to these rumors, major financial players were allegedly using a privileged version of XRP —one designed for banks, unseen and inaccessible to retail holders. The narrative ignited a flurry of debate, with some suggesting it explained XRP’s suppressed market valuation. However, Ripple’s Chief Technology Officer, David Schwartz, has now stepped forward to put the controversy to rest, definitively and unequivocally. The Rumor and the Community Buzz The theory about a so-called “private XRP” found traction on social media platforms, particularly X, where discussions among XRP holders and crypto enthusiasts tend to gain momentum quickly. The speculation gained attention in the XRP community after a user known as XRP_TITAN brought the subject into the spotlight, referencing community chatter and highlighting growing concern among holders who feared they were being sidelined. THREAD: Ripple CTO SHUTS DOWN “Private $XRP” Rumors Is there a secret #XRP for banks? David Schwartz just dropped facts that end the speculation once and for all. Here’s what he said and why it matters 1/4 pic.twitter.com/e62d6OgVXm — #XRP_TITAN (@XRP_TITAN01) June 5, 2025 The rumor painted a picture of a bifurcated system: on one side, retail investors holding the public version of XRP, and on the other, financial institutions allegedly utilizing a superior, private iteration. Critics argued that this would not only undercut XRP’s decentralization ethos but also imply market manipulation, given that retail investors would be trading a diluted version of the token. For a community long focused on fairness, decentralization, and financial inclusion, this idea was deeply unsettling. David Schwartz Dispels the Myth In a timely and critical response, David Schwartz, Ripple’s long-standing CTO and one of the original architects of the XRP Ledger, publicly addressed the growing confusion. His statement was direct and left no room for ambiguity: “There is NO separate or private version of XRP.” Schwartz went on to explain that every unit of XRP, whether transacted by a multinational bank or an individual retail user, resides on the same decentralized, public ledger—the XRP Ledger (XRPL). The network does not discriminate between users; it is open, transparent, and accessible to all participants. The XRP Ledger is governed by consensus and cryptographic validation, not by institutional privilege or backdoor channels. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This declaration reinforces a core principle of Ripple’s technology stack: universality. The XRP Ledger was designed from the outset to function as a neutral, inclusive financial infrastructure, where the rules of the network apply equally to all. There is simply no mechanism within XRPL’s protocol that could support a “secret” version of XRP. All transactions are visible on the public ledger and verifiable by anyone, at any time. Why the Clarification Matters Schwartz’s response is more than just rumor control, it’s a reaffirmation of Ripple’s long-standing commitment to transparency and fairness. In the cryptocurrency space, especially for tokens with enterprise use cases, questions of trust, accessibility, and decentralization are paramount. Misconceptions, such as the “private XRP” narrative, risk undermining the confidence of a passionate and highly invested community. By dispelling the idea of a privileged institutional tier, Schwartz ensured that retail and institutional users remain on equal footing. This public clarification also helps neutralize one of the more persistent forms of FUD (fear, uncertainty, and doubt) that opponents of XRP have attempted to propagate in recent years. Ripple’s top technologist has directly contradicted the claim that the company prioritizes banks over individual investors. Ripple’s efforts to establish clear regulations and its ongoing legal battles with the SEC show its commitment to following rules and being transparent. In that context, the idea of a secret, unregulated version of XRP for select partners runs completely counter to Ripple’s mission and operational reality. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple CTO Shuts Down Private XRP Rumor appeared first on Times Tabloid .
