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Ripple CTO Clarifies Major Misconceptions Surrounding XRP

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2 years ago

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Ripple CTO Clarifies Major Misconceptions Surrounding XRP

A recent rumor circulating within the XRP community suggested that Ripple, the company behind the XRP token, might be planning to abandon it. This speculation stemmed from an X user, Aspen Signals, who highlighted a quote featured on Ripple CTO, David Schwartz’s social media profile.

The quote alluded to a fictional financial startup’s struggle against challenges within the payments industry. Some community members misinterpreted this as a potential reflection of Ripple’s current situation with XRP.

Read Also: Using XRP, Ripple Aims To Conquer Cross-Border Payment Sector Projected To Hit $300T by 2030 

Addressing the Rumors: XRP Remains a Core Focus

Swiftly dispelling the rumors, David Schwartz clarified that the quote was not based on real events. It was solely a fictional scenario intended as a movie pitch. While the themes explored in the quote may hold some relevance to the broader challenges faced by fintech startups, Schwartz emphasized that the specific circumstances depicted do not represent Ripple’s current operations.

In light of Ripple’s upcoming stablecoin, Schwartz’s prompt action to address this speculation is particularly significant. Some within the cryptocurrency community had expressed concerns that the stablecoin might replace XRP, particularly for Ripple’s On-Demand Liquidity (ODL) service, formerly known as xRapid. Additionally, Ripple’s exclusion of XRP from its Liquidity Hub solution further fueled speculation about a potential shift away from the token.

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However, Ripple has consistently maintained its commitment to XRP. Ripple CEO Brad Garlinghouse has publicly stated that the company has no intention of abandoning XRP. Instead, Ripple views XRP as a critical component of its overall strategy for facilitating faster and more cost-effective international payments.

XRP’s Role in Ripple Ecosystem

XRP functions as the native digital asset of the XRP Ledger, a blockchain specifically designed for financial transactions. The XRP Ledger offers several advantages over traditional payment methods, including faster settlement times and lower transaction fees. By leveraging XRP, financial institutions can streamline cross-border payments, improving efficiency and reducing costs.

Ripple’s ODL service further strengthens XRP’s position within the ecosystem. ODL utilizes XRP to provide on-demand liquidity for cross-border transactions. When a financial institution initiates a payment through ODL, XRP is used as a bridge currency to facilitate the exchange between two fiat currencies. This process eliminates the need for pre-funding correspondent accounts, which can be a bottleneck in traditional international payments.

Read Also: Ripple CTO Reveals His Millions of XRP Holdings and Investment Strategy 

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While speculation regarding Ripple’s commitment to XRP has surfaced, the company has consistently reaffirmed its support for the token. XRP remains a core component of Ripple’s technology and plays a crucial role in facilitating faster and more efficient cross-border payments. With its unique capabilities and Ripple’s ongoing efforts, XRP holds promise for continued growth and adoption within the global financial landscape.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.

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XRP Positions as Institutional Rail While RLUSD Enters Real-World Finance

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2 hours ago

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January 28, 2026

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XRP Positions as Institutional Rail While RLUSD Enters Real-World Finance
XRP is cementing its role in live institutional payment infrastructure as Ripple’s RLUSD anchors regulated stablecoin settlement, signaling blockchain rails are now trusted, production-grade systems for global liquidity, cross-border payments, and high-value financial flows.
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Crypto Crime Wave Fueled by Chinese-Language Money Laundering | PYMNTS.com

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14 hours ago

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January 27, 2026

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Crypto Crime Wave Fueled by Chinese-Language Money Laundering | PYMNTS.com

Cryptocurrency laundering was an $82 billion problem last year, Bloomberg News reported Tuesday (Jan. 27), citing data from blockchain analysis firm Chainalysis.

Chinese-language money laundering networks made up $16.1 billion of that total as they play an increasing role in crypto crime, the report said.

“These are groups that are growing exponentially,” Andrew Fierman, head of national security intelligence at Chainalysis, told Bloomberg, per the report. “We’re talking about growth of over 7,300 times faster than other illicit flows.”

Although China has outlawed crypto transactions, illegal activity continues as the government chiefly focuses on behavior that threatens capital controls or financial stability, according to the report.

The networks “have really embraced cryptocurrencies,” said Kathryn Westmore, a senior associate fellow at the Centre for Finance and Security at RUSI, per the report, adding that crypto provides “a way to launder the proceeds of cash-generating criminal activities, like drugs or fraud.”

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The news followed a warning from the Financial Crimes Enforcement Network (FinCEN) in August, which said Chinese money laundering networks are now among the most significant threats to the American financial system, helping fuel the operations of Mexico’s most powerful drug cartels.

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“The networks have become effective partners because they can move cash quickly, absorb losses and leverage demand from Chinese nationals seeking to bypass Beijing’s strict currency controls,” PYMNTS reported Aug. 29. “By pairing cartel dollars with Chinese demand for U.S. currency, these networks have created what FinCEN called a ‘mutualistic relationship’ that strengthens both sides.”

Meanwhile, Eric Jardine, head of research at Chainalysis, discussed last year’s record-setting levels of crypto crime with PYMNTS in an interview published Monday (Jan. 26). Around $154 billion flowed to illicit addresses, the most ever recorded, and there was a 160% increase in illicit volumes.

“But treating that number as evidence of runaway criminal adoption may miss the more consequential story,” PYMNTS wrote. “What changed in 2025 was not merely volume, but the identity of the actors, the scale at which they operated, and the implications this has for banks, regulators, and the future architecture of financial blockchain compliance.”

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The true inflection came from “a shift in who’s doing what,” Jardine said, adding that in 2025, nation states, most notably Russia, began taking part “in earnest in the crypto ecosystem,” chiefly through sanctions evasion.

Unlike earlier state-linked activity, like North Korea’s hacking campaigns, this was not marginal behavior at the edges of the system, but “industrial-scale financial activity conducted in plain sight,” PYMNTS wrote.

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Crypto

Fixing BTC’s Quantum Issue Tops All Bitcoin Development Priorities, Says Willy Woo

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1 day ago

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January 27, 2026

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Fixing BTC’s Quantum Issue Tops All Bitcoin Development Priorities, Says Willy Woo
Quantum risk is emerging as a decisive hurdle for bitcoin’s institutional future as sovereign investors weigh long-term resilience, pushing gold and BTC into sharper focus amid debt cycles, macro uncertainty, and geopolitical realignment, according to on-chain analyst Willy Woo.
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