Ripple’s Chief Technology Officer, David Schwartz, has weighed in on the accelerating movement of payment and stablecoin companies toward building proprietary blockchains.
In a detailed post on X, Schwartz described the surge as confirmation that blockchain has become indispensable to modern financial infrastructure—a vision Ripple embraced over 13 years ago when it began developing the XRP Ledger (XRPL).
Building More Than a Blockchain: Creating a Functional Ecosystem
According to Schwartz, launching a blockchain is only the first step. The real challenge lies in building a robust ecosystem with liquidity, developer engagement, and real-world adoption.
XRPL’s longevity, combined with consistent technological updates, has enabled it to achieve institutional trust and integration—key factors that give it a competitive edge over newer entrants.
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…
— David 'JoelKatz' Schwartz (@JoelKatz) August 13, 2025
XRPL’s Competitive Advantage
Schwartz contrasted XRPL with other blockchains that operate on permissioned validator systems, where decision-making power rests with a limited group. While such frameworks can simplify compliance, they can also hinder scalability and resilience.
XRPL, by contrast, operates as a public, permissionless blockchain yet offers optional permissioned features for regulated use cases, making it versatile for both open and compliance-heavy environments.
Cost Efficiency and Integrated Payment Utility
One of XRPL’s defining features is its low and predictable transaction fees. Unlike many blockchains that rely on a separate gas token, XRPL uses XRP for transaction settlement. This not only powers payments but also serves as a bridge asset for cross-border transactions, reducing friction and complexity for end users.
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XRPL’s Influence on New Blockchain Designs
Schwartz noted that emerging blockchain projects are beginning to incorporate core XRPL features such as deterministic finality and Proof-of-Authority (PoA) consensus. These capabilities ensure predictable, fast, and reliable settlement—qualities essential for financial-grade applications.
This industry shift, he said, demonstrates growing recognition of the standards XRPL has upheld for years.
The Future of XRPL: Innovation and Institutional Readiness
Looking ahead, Schwartz revealed that the next phase of XRPL will bring enhancements in programmability, expanded liquidity options, and compliance-grade features designed for institutional adoption.
Welcoming developers to what he describes as a rapidly expanding “party,” he emphasized that XRPL is strategically positioned to remain a leading choice for real-world blockchain integration.
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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