Ripple CTO says community could demand billions in XRP to burn – ZDNet

Ripple’s chief technology officer (CTO) David Schwartz has confirmed that the company could be forced to burn billions in XRP if the community willed it. 
Ripple, a currency exchange network that offers the XRP token — currently trading at $0.62 — cannot be mined. There are 100 billion coins available, roughly half of which are held by Ripple. 
At its all-time high, XRP was valued at $3.40. It is expected that a breakout could take place soon, pushing the price beyond the $1 mark. 
On December…

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