In a recent development, the Chief Technology Officer (CTO) of Ripple has addressed the claims made by the community regarding the creation of XRP. The CTO, David Schwartz, clarified that XRP came into existence in June 2012, whereas the payment company Ripple was incorporated in September 2012. He further explained that there is a gap in XRP transactions on the blockchain between June and November 2012 due to a change in data formats.