Ripple’s Senior Software Developer Leaves After 6.5 Years

Evan Schwartz, a senior software developer at crypto payment system Ripple (XRP), has recently stated that he is quitting the company after 2328 days, or 6.5 years to focus on his latest project Coil.

The software developer tweeted on January 2, stating that “After 2328 days, or just under 6.5 years, today is my last day at @Ripple. Thank you to everyone who helped make it such an exciting ride; I’ll be cheering the team on from the outside. Keep on building the #InternetOfValue!”

Schwartz was one of the developers of the Interledger protocol, which connects different ledgers from different banks, and a basis of Ripple’s viewpoint about the way the internet of value should be.

Schwartz will continue working with Coil

Schwartz also stated that he will continue working with Coil, an Interledger-based content monetization platform.

His LinkedIn profile shows that he is a board member for Coil, a platform which gives creators one more solution as to monetizing their content online. While subscribers enjoy videos, the platform immediately issues micropayments to creators, using an open API dubbed web monetization.

According to the reports from August 15, that Xpring took part in Coil’s $4 million seed round and granted $1billion XRP to the platform this August, worth about $265 million ant the time. Senior vice president of Xpring Ethan Beard said about the investment:

“Advertising and site-by-site subscription models are ready for disruption […] The low cost and fast transactions of XRP makes it an ideal tool for Coil to offer an alternative monetization method and have a positive impact on creators.”