Ripple CTO Confirms XRP Ledger as Complete Financial System Beyond Just Payments

Ripple CTO validates three-pillar framework: RLUSD, XRP, and XRPL infrastructure.

XRP maintains unique position while XRPL expands to support broader asset classes.

Ripple CTO David Schwartz has confirmed that the company has developed a comprehensive financial system built around the XRP Ledger, XRP token, and newly introduced RLUSD stablecoin. The acknowledgment came during the recent XRP Las Vegas event through an exchange with crypto reporter Vincent Scott.

Scott presented a framework describing Ripple’s ecosystem as a self-contained financial architecture, which Schwartz validated as accurately describing the company’s direction. “Yes, you can consider those things a financial system,” Schwartz stated when asked about the three-component structure.

The framework’s main components are XRP acting as the medium of exchange or “gas,” RLUSD acting as the unit of account, and XRPL offering the decentralized payment infrastructure. Together, these elements create a system capable of facilitating cross-border payments while potentially delivering broader financial services traditionally offered by banks and fintech institutions.

Schwartz described Ripple’s objective of using this developing infrastructure to provide services like loans, investments, and payments. By adding RLUSD, Ripple appears to be moving closer to a dependable, expandable base for regular transactions and settlements outside of its present payment focus.