Ripple CTO responds to community questions, stressing that Ripple funding comes from venture capital, not ICO

Community users tweeted that "XRP is as worthless as other ICO tokens, and its purpose is to help Rippl make money." In response, David Schwartz, chief technology officer of Ripple, said: "Ripple's funds come from venture capital and there is no ICO. ICO is a way to raise funds for a project, and investors buy tokens in the ICO so that the project can continue. We have received VC and angel funding since the first day, and no one will buy XRP out of our motivation to fund our work for them. "