At the recently concluded XRP Las Vegas event, a powerful revelation emerged, but surprisingly, it has yet to make the front pages of Ripple news coverage. Journalist and well-known XRP community voice VincentScott took to X to declare what he believes was the most groundbreaking moment of the conference: a clear, confirmed statement from Ripple’s Chief Technology Officer, David Schwartz, that Ripple has indeed built a comprehensive financial system. VincentScott’s Revelation at XRP Las Vegas VincentScott recounted the moment in a now widely circulating post on X. According to him, he posed a precise and technical question directly to Schwartz: whether what Ripple has built constitutes a financial system where the unit of account, RLUSD, transmits over a decentralized method of payment- the XRP Ledger (XRPL), and uses XRP as either gas or a money processor to convert. Schwartz’s answer was unambiguous: “Yes, you can consider those things a financial system.” Recorded within 3minutes of the interaction after I maneuvered to get to him when he was swarmed by people https://t.co/fEZw76pRyR — VincentScott (@VincentSco72192) June 2, 2025 VincentScott, recognizing the significance of this confirmation, shook Schwartz’s hand, walked away, and immediately recorded a video to document the encounter. While many in the XRP community had long deduced or speculated that Ripple’s technological framework essentially constitutes a financial system, receiving that clear acknowledgment from the company’s CTO is, as VincentScott put it, “a horse of a different color.” Understanding the Confirmation: Why It Matters For years, Ripple has been positioning itself as a central player in the evolution of global finance. Its core offering – cross-border payments using the XRP token- leverages the power of the XRP Ledger, a decentralized blockchain that enables rapid, low-cost transfers across currencies and jurisdictions. The introduction of RLUSD, Ripple’s real-world asset-backed stablecoin, has added another layer to this framework, providing a stable unit of account that integrates seamlessly with the XRPL. What VincentScott’s report underscores is the cohesive architecture Ripple has built: RLUSD as the unit of account, XRPL as the payment rails, and XRP as the bridge or gas that facilitates value conversion. This alignment effectively mirrors the components of a full-fledged financial system, something not all blockchain projects can claim. While crypto networks often handle specific pieces of the puzzle, Ripple’s design integrates the three essential elements: unit, rails, and conversion mechanism. Ripple’s Quiet Power Play Despite the magnitude of this revelation, VincentScott pointed out the irony that it has not dominated Ripple’s media headlines. “Crazy it’s not front page Ripple news,” he commented, capturing the sentiment that sometimes the most profound confirmations can slip under the radar simply because they formalize what many already assumed. But formal acknowledgment matters, especially in an industry where regulatory scrutiny, technological promises, and market speculation often collide. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple’s work with central banks has placed it under a magnifying lens. Confirming that it has constructed a full financial system, not just a payments protocol, positions Ripple even more centrally in discussions about the future of finance, digital money, and decentralized infrastructure. What This Means for the XRP Ecosystem For XRP holders, developers on the XRPL, and institutional partners watching Ripple’s progress, this confirmation is a key validation point. It means that Ripple is not merely building tools or applications on top of a ledger; it has constructed an interconnected financial ecosystem. RLUSD will likely play a pivotal role as Ripple expands its stablecoin strategy, and XRP’s dual function, both as a means of gas and a liquidity bridge, cements its role at the heart of the system. This comprehensive architecture gives Ripple a unique edge as global financial institutions increasingly look toward blockchain solutions that can offer scalability, regulatory compliance, and interoperability. While competitors like Stellar, SWIFT, and other cross-border initiatives work on similar solutions, Ripple’s fully integrated system, now publicly confirmed by its top technical architect, marks a powerful statement of maturity and readiness. 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. Follow us on Twitter , Facebook , Telegram , and Google News The post Journalist Calls This Ripple CTO Statement the Biggest News of the XRP Las Vegas appeared first on Times Tabloid .
