Ripple CTO David Schwartz revealed that he has owed his sister 2.77904 BTC, roughly worth $106,000 at current prices, for years
Ripple CTO David Schwartz revealed that he asked his sister to pay for the plane ticket and requested it is refunded in Bitcoin. And at the price point at the time, he owed his sister 2,7904 BTC over the years.
I’ve owed my sister 2.77904 BTC for years now (she paid for a plane ticket for me and wanted me to pay her in bitcoin). I’ve reminded her a few times that it’s real money now and she keeps not collecting.
— David Schwartz (@JoelKatz) February 1, 2021
Ripple CTO David Schwartz owes his sister over $ 100,000 in Bitcoin
On Monday, Schwartz shared on Twitter that he asked his sister to pay for his plane ticket and asked for a refund in Bitcoin. Interestingly, even though Schwartz has reminded her a few times that real money now but she keeps not collecting.
Even more unexpectedly, 2,777904 BTC is roughly worth $ 106,000 at current prices.
And Ripple’s CTO also explained why his sister wanted a refund in Bitcoin:
“I think I offered her dollars, XRP, or bitcoin and she chose bitcoin, but I don’t remember for sure. I think she had a bitcoin wallet at the time in her phone and asked me to take it over either to handle the BCH split or when her phone broke and she never set it up again.”
“I think I owed her 2.5 BTC or similar and then asked her if she wanted me to convert the BCH to BTC and she said yes, resulting in the weird number. But I may be remembering wrong. I offered her a generous exchange rate because I wanted to get family members interested in crypto.”
In early January, Schwartz, talked his crypto portfolio:
What other coins does @JoelKatz own?
— DustyBC Crypto News (@TheDustyBC) January 1, 2021
And last October, he revealed that because the risk is very high in the entire cryptocurrency space in 2012, he and his wife agreed on a de-risking plan, which resulted in him selling some of his BTC, ETH, and XRP holdings for $750, $1, and $0.1 respectively.
At press time, XRP is trading around $ 0.4124, down more than 4% on the day, down 14% over the past seven days.
You can see the XRP price here.
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