Ripple CTO "No good news behind 1,700 secret contracts"...XRP holders shocked

▲ XRP/ChatGPT generated image

Ripple's chief technology officer has dismissed the market's excessive expectations, stating that there is no major adoption news hidden behind the approximately 1,700 secret contracts.

According to crypto media outlet The Crypto Basic on April 24 (local time), Ripple's Chief Technology Officer (CTO) David Schwartz directly refuted recent rumors circulating in the community regarding XRP adoption. Schwartz revealed that there are no grand secrets that would surprise the world hidden within the more than 1,700 non-disclosure agreements (NDAs) signed by Ripple. He explained that these contracts are merely standard procedures that occur during the course of business.

Schwartz elaborated on the nature of NDAs. Most contracts are simply mechanisms to discuss potential cooperation with a counterparty or to protect corporate information. He stated that it is unreasonable to view them as a harbinger of large-scale XRP adoption. "The big positive news that many are expecting is not hidden behind NDAs," Schwartz emphasized. He analyzed that this is a natural phenomenon arising from Ripple's normal business expansion process.

Investors had previously expected explosive growth of the XRP Ledger based on the scale of Ripple's partnerships. In particular, the specific number of 1,700 fueled speculation about covert collaborations with major financial institutions. However, Schwartz cautioned against a situation where such numbers foster unfounded illusions. He advised that actual adoption news should be confirmed through official announcements, not by the number of contracts.

The Ripple ecosystem is currently focused on technological advancement and global network expansion. Many NDAs also terminate at the simple technical testing or initial consultation stages. Schwartz mentioned the importance of transparent information disclosure and urged the community to make rational judgments. He expressed concern about a situation where unconfirmed rumors increase market volatility.

This statement is expected to calm the excessive speculative sentiment surrounding Ripple. Cooperation between companies goes through complex stages before leading to actual results. Ripple plans to continue focusing on demonstrating practical use cases. Market participants should pay attention to concrete business achievements rather than simple contract numbers.

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