Crypto influencer Xaif (@Xaif_Crypto) has shared a noteworthy video featuring Ripple Chief Technology Officer (CTO) David Schwartz and executive chairman Chris Larsen discussing XRP and the Internet of Value. According to Xaif, it marked the first time the two Ripple leaders shared the stage to speak on these topics directly.
Have you ever seen Chris Larsen and David Schwartz share the stage? For the first time in history, they discuss $XRP and the Internet of Value — this is BIG!
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— 𝕏aif
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(@Xaif_Crypto) April 11, 2025
Incomplete Globalization and the Role of Interoperability
Larsen opened by stating that globalization is not failing but remains incomplete. He argued that true globalization requires full interoperability in three key areas: data, goods, and money.
While data and goods have achieved this through the internet and containerized shipping, respectively, money still lacks the infrastructure to move seamlessly across systems and borders.
“Money networks don’t interoperate,” Larsen said. He described the lack of financial interoperability as a fundamental bottleneck in global economic integration.
Traditional systems like SWIFT take days and charge high fees. Larsen asserted that addressing this issue would enable billions of people to participate in a fully functioning global economy through XRP’s advantages.
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Foundational Ideas Behind the Internet of Value
Schwartz pointed to Ripple’s early work on pathfinding and value exchange as part of what informed the concept of the Internet of Value. The premise, as explained by Larsen, is that “anything of value can be traded.”
This concept, combined with protocols like the Interledger Protocol (ILP) and digital assets such as XRP, enables a low-cost, high-speed infrastructure for transferring value globally.
Schwartz added that this system would allow international payments to become as seamless as loading a website—performed instantly, with no need to think about cost or intermediaries. He emphasized that such a capability would fundamentally transform how money is used globally.
A Multi-Faceted Solution
Larsen pointed to ongoing challenges in developing countries where, as he noted, sending even fifty cents is currently unfeasible due to high fees. He described sending $50 from the U.S. to Europe as impossible because of the high fees. The Internet of Value could eliminate those obstacles, making micro-payments accessible to everyone.
Larsen was clear in stating that blockchains alone are not the full answer. The broader solution requires the combination of interoperable protocols, fast digital assets, and mechanisms to direct how value moves programmatically.
He described the current system as an internet-driven world working with a pre-internet world of money, a mismatch that must be corrected to realize the vision fully. With experts already predicting that XRP will replace SWIFT, it can comfortably serve in this role.
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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