XRP LATEST SITUATION..

Ripple's CTO David Schwartz shed light on Ripple's burning of XRP escrows, allaying XRP enthusiasts' concerns about the company's cryptocurrency management. With over 40.708 billion XRP** currently held in escrow accounts, the community was eager to understand the mechanisms behind the potential burning of these reserves. Schwartz can help reduce concerns by increasing communication between the Ripple and XRP community with the information he provides on this subject.

Schwartz detailed Ripple's ability to achieve the effect of burning relics by "blackholing" relevant accounts. Ripple has announced that it may unilaterally take measures to prevent XRP from these custodians from entering circulation by effectively making the relevant accounts inaccessible. This response comes amid growing discontent within the XRP community over Ripple's significant involvement in the cryptocurrency and its periodic release of XRP from escrow accounts on the first of each month.

This statement from Schwartz can help us better understand Ripple's approach to controlling the supply of XRP and dragging it into the market in a balanced way.

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