XRP serves a couple different roles… within the$XRP blockchain, the XRP Ledger, it’s the native asset, so you need it for gas fees, you need it for the reserve account minimum, and so as there’s more users and more use cases built on XRP Ledger, that asset will always be needed.”
🔹 “Within that exchange… if a trading pair doesn’t have liquidity between it, it auto-bridges, goes between XRP for efficiency, speed, and cost… so that will be an increasingly important use case as more activity comes to the blockchain.”
🔹 “We still do use [XRP] as part of our payments offering, so it’s kind of dependent on customer use case.”
On the XRP Ledger (XRPL):
🔹 “The original XRP Ledger launched as… Bitcoin 2.0… in their brains, they were thinking of Bitcoin as this ingenious invention, how can we improve upon scalability and tinker with the consensus model so that you could enable things like an exchange within the blockchain itself.”
🔹 “The whole company started because three developers created the XRP Ledger… and so we’ve always had a belief in building use cases that would make use of the efficiency within XRP Ledger.”
🔹 “Some of the work we continue to do with XRP Ledger, we’re adding new features like lending protocols and multi-purpose token amendment.”
On Stablecoins (Ripple USD - RLUSD):
🔹 “What we saw was within our core use case… cross-border payments… especially if you’re able to use a stablecoin for certain use cases… we have work with customers who have a corridor need between different countries in Latin America where they would much rather deal in dollars than their local currency which is very volatile, into markets in Asia where it’s a similar case.”
🔹 “It’s quick, right, you can get effectively the equivalent of a dollar in digital version… and then 24 by 7 availability… as opposed to using this kind of real-time rail for stablecoins.”
🔹 “This market’s blown up, so I think it’s projected to reach… three trillion plus dollars… our bet is really on the institutional side, so within payments, within our payment flows in particular, and then the set of capital markets use cases.”
🔹 “One that I think is getting more and more attention is using [stablecoins] as an asset for collateral for trading in the more traditional institutional world… this is one that’s definitely spiking for us.”
On Banks and Blockchain:
🔹 “In 2014… we knocked on the doors of banks and we explained… you could do cross-border payments on a blockchain and it would be near instant, almost free… they were like, slam the door in our face… today, banks understand that this is going to be the future of finance, and so they have embraced it a lot more.”
🔹 “It’s not realistic that the existing systems like banks are going to plug directly into the blockchain, they do need some connective tissue, that’s what we provide… things like getting from real-world currency, fiat currency into digital asset currency, those are on-ramps, the inverse would be off-ramps, secure custody… providing stablecoins and services for the institutions to be able to tokenize assets.”
🔹 “With [SAB 121] going away, banks are now really engaging with our industry around digital asset services… banks are much more willing to engage with us on digital asset services like custody, thinking about also partnerships like for reserve banking for the stablecoin, transaction banking.”
🔹 “When you talk to the banks, the effort to run those products, it’s kind of shocking, a lot of the backend process is still manual or it’s paperwork, it’s just all this stuff that could be automated and just made more efficient with technology.”
Ripple’s not playing small anymore — it’s building the future rails for global finance.
