Ripple Has Just Lost Its High-Profile Employee Who Had 6.5-Year Run with Company

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Thu, 01/02/2020 - 17:18
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Alex Dovbnya
Evan Schwartz calls it quits after spending 6.5 years at Ripple
Ripple Has Just Lost Its High-Profile Employee Who Had 6.5-Year Run with Company
Cover image via U.Today

Ripple's software engineer Evan Schwartz has just announced that he's leaving the San Francisco-based blockchain juggernaut after six and a half years. In his recent tweet, Schwartz says that Jan. 2, 2020, was his last day at the company.   

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Schwartz is a co-founder of the Interledger Protocol (ILP), a blockchain-agnostic payment solution that underpins Ripple's vision of the Internet-of-Value (IoV). He expressed his gratitude to the company for his "exciting ride" while assuring the XRP community that he will remain involved in the Interledger project after stepping away from active participation in its development. It's unclear who will be at the helm of the ILP after Schwarz's departure.    

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As reported by U.Today, Monica Long, the SVP of Marketing, recently opined that blockchain and the IoV will experience the same growth as internet businesses over the next ten years. This would allow value to be exchanged instantly around the globe. One can draw parallels between the ILP, which allows making seamlessly making transfers between different blockchains, and the HTTP protocol that standardized the exchange of information online.        

Back in September 2019, Ripple's investment arm Xpring bought payment startup Logos to continue building the IoV. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry β€” from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.