Ripple's CTO mocks CelsiusNetwork rebuilding plans xrp xrparmy xrpcommunity celsius $cel $xrp
The recent news of Celsius Network's rebuilding into a crypto asset custodian has sparked a wave of reactions, but perhaps the most eloquent one came from Ripple CTO David Schwartz.
Comparing the possible transformation of Celsius to the Apple and Pepsi examples, Mashinsky sees the future of the infamous CeDeFi platform in providing custodial services for storing crypto assets. The new company plans to make money by charging transaction fees.
As a result, people suspected Celsius of securities fraud, and it sustained irreparable reputational damage. Thinking back to today's news about
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