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

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Ripple's head of technology drew a line, stating there's no major adoption news hidden behind the 1,700 secret contracts, dismissing excessive market expectations.

According to crypto media outlet The Crypto Basic on April 24 (local time), Ripple's Chief Technology Officer David Schwartz directly refuted recent rumors circulating in the community regarding XRP adoption. Schwartz stated that there are no grand secrets that will surprise the world hidden within the over 1,700 Non-Disclosure Agreements (NDAs) that Ripple has entered into. He explained that these contracts are merely standard procedures that arise in the course of business.

Schwartz elaborated on the nature of NDAs. Most contracts are simply mechanisms to discuss potential cooperation with counterparties or to protect corporate information. He argued that it is unreasonable to view these as precursors to large-scale XRP adoption. "The big good news that many people are expecting is not hidden behind NDAs," Schwartz emphasized. He analyzed that these are natural phenomena occurring during Ripple's normal business expansion process.

Investors had previously anticipated explosive growth of the XRP Ledger based on the scale of Ripple's partnerships. The specific number of 1,700, in particular, fueled speculation about secret collaborations with large financial institutions. However, Schwartz cautioned against these figures creating groundless illusions. He advised that actual adoption news should be confirmed through official announcements, not just contract numbers.

The Ripple ecosystem is currently focused on technological advancement and global network expansion. Many of the NDAs conclude at the stage of simple technical testing or initial discussions. Schwartz mentioned the importance of transparent information disclosure and urged the community to exercise rational judgment. He effectively expressed concern about unconfirmed rumors increasing market volatility.

These remarks are expected to serve as an opportunity to calm the excessive speculative sentiment surrounding Ripple. Inter-corporate cooperation 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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