Ripple CTO David Schwartz to step down amid crypto payments competition – DL News
- Ripple chief technology officer David Schwartz is stepping down.
- He will continue as the firm’s CTO emeritus.
- Dennis Jarosch, Ripple’s vice president of engineering, will take over as CTO.
David Schwartz, Ripple’s chief technology officer, announced on Tuesday that he will step down from his executive role at the firm at the end of the year.
Schwartz, who has spent more than 13 years at Ripple, was one of three engineers who architected the XRP Ledger, which Ripple leverages.
“The time has come for me to step back from my day-to-day duties as Ripple CTO,” Schwartz said in an X post, announcing the news. “But be warned, I’m not going away from the XRP community.”
The Ripple CTO didn’t provide a reason for the move, but said…
