A recent post by crypto commentator Xaif on X has reignited interest in the origin and purpose of XRP. Quoting Chris Larsen, co-founder and former CEO of Ripple, the statement reads: “In the beginning, we wanted to build a better Bitcoin… and we created XRP.”
This powerful reflection offers a fresh reminder of Ripple’s founding vision and how it diverged from Bitcoin’s path to address real-world financial needs.
Rethinking Bitcoin’s Limits
While Chris Larsen was not part of the original team that built the XRP Ledger, he joined Ripple in 2012, shortly after the protocol had been developed by David Schwartz, Jed McCaleb, and Arthur Britto. Their goal was clear: to overcome Bitcoin’s limitations—particularly its slow transaction speeds, high energy consumption, and scalability issues.
🚨 Ripple Co-Founder Chris Larsen reveals: 🤯🤯
"In the beginning, we wanted to build a better Bitcoin… and we created XRP." #XRP #Ripple #Crypto #Bitcoin #BTC pic.twitter.com/iwI6zkeyca
— 𝕏aif🇮🇳|🇺🇸 (@Xaif_Crypto) June 27, 2025
What Larsen brought to the table was a compelling business vision. He saw the potential to turn this new technology into the foundation of a company focused on modernizing global finance. While the creators of the XRP Ledger had engineered a more efficient blockchain, Larsen was instrumental in turning that innovation into a commercial solution.
XRP: Designed for Utility, Built for Speed
Unlike Bitcoin, which was envisioned as an alternative to traditional financial systems, Ripple, with Larsen at the helm, took a collaborative approach. The mission wasn’t to replace banks, but to work with them. XRP was positioned as a bridge currency, enabling faster, cheaper, and more reliable cross-border payments.
Ripple’s enterprise tools, including xCurrent and xRapid, used the XRP Ledger’s speed and efficiency to facilitate instant settlement across fiat currencies. XRP served as the liquidity solution, moving value between parties in seconds, eliminating the need for pre-funded accounts and costly intermediaries.
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This approach allowed Ripple to build real partnerships with financial institutions across the globe, transforming XRP from just another cryptocurrency into a cornerstone of institutional blockchain adoption.
A Ledger That Stands the Test of Time
Today, more than a decade later, the XRP Ledger continues to deliver on its original promise. It remains one of the fastest and most energy-efficient blockchains in existence. Beyond payments, the ledger now supports stablecoins like RLUSD, asset tokenization, and Ethereum-compatible smart contracts through its EVM sidechain.
Ripple’s global presence has also grown. The company has secured regulatory licenses across major financial jurisdictions, expanded into key regions like Europe and Asia-Pacific, and continues to play a central role in blockchain-based financial infrastructure.
A Vision That Still Matters
Xaif’s resurfacing of Larsen’s quote is more than nostalgia; it’s a timely reminder of XRP’s mission. The idea of “building a better Bitcoin” was never about rivalry; it was about evolution. Thanks to the technical innovation of its creators and the strategic leadership of Larsen, XRP was purpose-built for real-world finance.
And over a decade later, that purpose is more relevant than ever.
Disclaimer: This content is meant to inform 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. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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