Ripple CTO David Schwartz recently shared a delightful anecdote from a key event involving Chris Larsen, the chairman and co-founder of Ripple. This humorous exchange has captured the attention of the crypto community, illustrating the vibrant and engaging culture at Ripple.
December has been a dynamic month for Ripple, packed with significant appearances at major crypto events. Notably, the company was part of Binance Blockchain Week in Dubai, held from December 3 to 4. Additionally, Ripple marked its presence at the Fintech Abu Dhabi event, taking place from December 8 to 11. The team also attended the Blockchain for Europe Summit in Brussels, Belgium, from December 2 to 3, and hosted a Ripple Christmas Breakfast in London, UK, on December 11.
Ripple CTO’s Memorable Encounter
Amidst these bustling activities, Ripple CTO David Schwartz recounted an amusing incident at one of these events. During a gathering attended by Chris Larsen, Ripple employees, and staff from its latest acquisitions, a new employee approached Larsen with an unexpected question, “So… What do you do at Ripple?”
Schwartz, known for his wit, described the moment as one of the funniest in his career at Ripple. In response to a curious user’s question on X, Schwartz humorously mentioned that Chris Larsen replied, “Um. Well. I guess, I’m sort of the founder.”
Significant Developments at Ripple
The year 2025 has been pivotal for Ripple, marked by four major acquisitions: GTreasury, Rail, Palisade, and Hidden Road. Through these strategic moves, Ripple has invested nearly $4 billion into the crypto ecosystem.
On December 11, Ripple announced the completion of its Rail acquisition, which aims to enhance Ripple Payments as a comprehensive end-to-end stablecoin solution. Earlier in the month, Ripple confirmed a $1 billion acquisition of GTreasury, signifying its expansion into the corporate finance sector, a key area for future digital asset adoption.
In another major development, Ripple has received conditional approval from the OCC to charter Ripple National Trust Bank. This milestone supports the Ripple USD (RLUSD) stablecoin, setting a high standard for stablecoin compliance with federal and state oversight.
As Ripple continues to expand and innovate, the humorous moments and strategic acquisitions reflect its dynamic approach and robust positioning in the cryptocurrency landscape.
