Jasmine Cooper, Director of Product at RippleX, recently joined Tony Edward of Thinking Crypto for an in-depth discussion about developments within the XRP Ledger (XRPL).
In a tweet, crypto pundit and XRP enthusiast, Crypto Eri, highlighted key moments from the interview. She noted Cooper’s insights on private ledgers, upcoming undercollateralized loans, and the potential for blockchain adoption in the banking sector.
The interview with Ripple's @RippleXDev Director of Product Jazzi Cooper & @ThinkingCrypto1 was superb. Key points:
1:06: Private ledgers, operate independently from the public #XRP Ledger mainnet. Transactions are not counted as part of the public ledger.
2:11: Under… pic.twitter.com/YOkIWuzY53—
Crypto Eri ~ Carpe Diem (@sentosumosaba) March 23, 2025
RippleX and Its Role in the XRPL Ecosystem
Cooper explained that RippleX operates as a distinct business unit within Ripple, focusing specifically on the XRPL, and functions as a public, layer-one blockchain. She described how her product team contributes to developing core features, working alongside the community to propose and implement new amendments.
Unlike smart contract-based blockchains, she emphasized that most new features on the XRPL are introduced at the core blockchain level.
She also noted that other teams within RippleX concentrate on developer support through initiatives like accelerators, incubators, grants, and technical tooling. These resources include client libraries, blockchain explorers, and tools to help developers build decentralized applications (dApps) on the XRPL.
Cooper reiterated that while RippleX operates independently within Ripple, it stands alongside other divisions working on products such as RLUSD, custody solutions, and payments.
Private Ledgers and Sidechains Operate Independently from XRPL
When asked about the distinction between Ethereum Virtual Machine (EVM) sidechains and private sidechains, Cooper confirmed that the XRPL allows for custom sidechains creation. These operate separately from the XRPL mainnet, with their own configurable settings.
She pointed out that private sidechains have been used in past projects, such as central bank digital currencies (CBDCs), where a more controlled and permissioned environment was needed. Unlike the XRPL mainnet, transactions on these private ledgers are not counted as part of the public network. She clarified that these independent blockchains allow for bridging, similar to how other blockchain ecosystems operate.
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Undercollateralized Loans Are Being Developed on XRPL
Cooper revealed that RippleX is working on an XRP-native lending protocol to introduce undercollateralized loans. This protocol, in its first version, will enable fixed-term undercollateralized loans to be originated directly on the XRPL.
She described this development as an essential step toward integrating traditional finance (TradFi) with blockchain. According to Cooper, the three core pillars needed for this integration include payments, trading, and credit. The introduction of undercollateralized loans represents a move toward bringing credit solutions into the blockchain space.
Blockchain Adoption Could Reduce Costs for Banks and Borrowers
Addressing the broader implications of blockchain adoption in finance, Cooper discussed the potential for banks to leverage modern blockchain infrastructure to improve efficiency. She said if financial institutions adopt these technologies, they could eliminate inefficiencies and pass on cost savings to borrowers. She also suggested that blockchain could help address accessibility issues within the current credit system.
Cooper expressed optimism about the future of blockchain in banking, stating that these innovations could lead to a more efficient and inclusive financial system.
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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