The XRP community concerned about the XRPL Foundation’s future.
Ripple assures continued support for XRP Ledger ecosystem.
XRPL Foundation rebrands to Inclusive Financial Technology Foundation (InFTF).
XRP community members have engaged in discussions on the future of the XRPL Foundation, a key institution backing the XRP Ledger ecosystem. Crypto journalist Jungle Inc., in an open letter to Ripple President Monica Long, voiced concerns over the potential dissolution of the XRPL Foundation and sought clarification on its future and the impact on the XRP Ledger ecosystem.
Highlighting the foundation’s role in the XRP Ledger ecosystem, Jungle Inc. shed light on the contributions the foundation played in promoting the XRP Ledger, which had ensured stability and integrity while supporting innovation along with educating stakeholders, maintaining decentralization.
Jungle Inc. requested clarity on the reasons for ending the Foundation and how Ripple intends to support the XRPL community moving forward. The journalist expressed interest in interviewing Monica Long to discuss Ripple’s steps to ensure the continued stability, innovation, and decentralization of the XRP Ledger. If an interview is not possible, Jungle Inc. requested a written statement to address these concerns.
Ripple’s Chief Technology Officer, JoelKatz, responded to Jungle Inc.’s inquiries by acknowledging the discussions with XRP community stakeholders.
Thanks Jungle. We at Ripple have been part of convos with the @XRPLF, @XRPLLabs, @xrpl_commons, etc to discuss the best path forward for a foundation to serve the interests of the XRP Ledger and community (devs, builders, users, projects, exchanges, universities, validators,…
— David "JoelKatz" Schwartz (@JoelKatz) August 6, 2024
JoelKatz reassured the community that Ripple, alongside partners XRPL Labs and XRPL Commons, is actively engaged in determining the best course of action to serve the interests of the XRP Ledger and its diverse community. He added that specific details would be shared soon.
JoelKatz also noted that Bharath Chari, another prominent community member, highlighted the latest developments to the Foundation. Bharath pointed out that the foundation has been involved with international organizations to promote social and financial inclusion globally.
This involvement has led to its rebranding as the Inclusive Financial Technology Foundation (InFTF). Bharath acknowledged that the community’s expectations have often exceeded what the foundation could deliver, given the close association with the XRP Ledger.
Jungle Inc. expressed appreciation for the response from JoelKatz but noted a sense of anxiety due to the respect for the foundation’s work. He pointed out an open-minded approach, awaiting further details on the foundation’s future direction and the impact on the XRP ecosystem.
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