David Vance

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Ripple's Chief Technology Officer, David Schwartz, dismissed a rumor that the company plans to buy back 10 billion XRP altcoins, which amounts to about $5 billion at the current market price of the token. 
Schwartz responded to the rumor on Twitter, saying that Ripple sometimes buys XRP but does not know of any specific plans for a buyback of this size. He also pointed out that there was no mention of an official source of the rumor: 
<blockquote> 
 “Sometimes we buy XRP. But I don't know anything specific that this rumor might be pointing to. There is also no mention of an official source.” 
</blockquote> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We do sometimes buy XRP. But I don't know of anything specific that this could be referring to. And there's no official source mentioned. 
 — David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/16727783045[...] Read More: <a rel=" nofollow">Ripple Claims to Buy Back 10 Billion XRP: Company CTO Response!</a> 
</blockquote>

Ripple Claims to Buy Back 10 Billion XRP: Company CTO Response!

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