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- Ripple CTO has lauded the rising use of several design choices that have been part of the XRPL architecture.
- David Schwartz also believes that XRPL stands tall among competitors due to its quality delivery and low transaction cost.
Ripple Chief Technology Officer (CTO) David Schwartz has boldly declared that the XRP Ledger (XRPL) could significantly transform the global financial market with its 13 years of battle-testedness and upgrades.
In a comprehensive post assessing the role of blockchain as a core financial structure, Schwartz lauded the impressive design of XRPL, which provides a high-quality financial service at a very low fee.
According to him, users using the network avoid the complex situation of buying another token for a transaction, as they can directly make a payment in XRP. Further highlighting the benefits of using XRP on the platform, Schwartz disclosed that the token is used as a “bridge asset with real utility for payments, settlement, and liquidity”.
Above all, XRP was described as counterparty-free and accessible to all. Just recently, XRPL introduced XLS-56d to empower developers with smoother on-chain monetization as discussed by CNF.
XRPL’s Position Above Other Blockchains
Appreciating the work to position XRPL at the forefront of digital innovation, the Ripple CTO pointed out that launching a blockchain is hard. Fascinatingly, relying on developers, trust, as well as real-world usage, to build an ecosystem could even be harder. However, he believes that XRPL has risen above all of these challenges to win the “heart of institutions.”
We’ve been seeing more and more players in the payments and stablecoins space launch their own blockchains. To me, that’s a clear sign the market sees blockchain as core financial infrastructure — something we’ve believed in and have been building toward on the XRP Ledger for over 13 years.
In the post, Schwartz highlighted how some blockchains are built with permissioned validator sets and are controlled by a single entity or even a small group. While this facilitates control and compliance in specific network scenarios, it has a limited reach. In addition to that, it limits the ability of anyone to contribute to the growth of the network.
At core, Schwartz explained that XRPL is public and permissionless with the “optional permissioned features for regulated use cases.” According to him, this makes the network very adaptable, interoperable, and effective enough to operate as a critical infrastructure for global financial systems. As disclosed in our recent news article, XRPL has also launched Deep Freeze to tackle sanctions and compliance.
It is worth noting that the network has been adopted by major institutions, with its Real World Assets (RWAs) value increasing from under $5 million in January to $118 million in June 2025, as recently indicated in our publication. On top of that, the XRPL EVM Sidechain was just reported to have reached more than 17,000 users and 170 tokens.
Speaking on the rising trend of new blockchains embracing design choices like the “deterministic finality and Proof of Authority-based consensus mechanisms”, Schwartz highlighted that this is very encouraging. Also, he disclosed that these have long been an integral part of the XRPL architecture.
It shows there’s growing alignment in the industry on the importance of predictable, reliable settlement for financial applications without expensive validation…Looking forward to the next phase of XRPL innovations, bringing more programmability, compliance-grade capabilities, and deeper liquidity for institutional use.
