Ripple CTO David Schwartz has clarified that the main goal of XRP is to give people direct control over their money. In a recent post on social media platform
Ripple CTO clarifies the use of XRP
in the x mailDavid Schwartz explains that XRP aims to change the way value moves. The digital asset allows people to act as their own bank by sending and receiving funds directly, without intermediaries taking a cut, setting limits or imposing additional controls. He notes that XRP’s self-sovereign model supports open, borderless and inclusive financial systems.
Schwartz explains that XRP’s structure on the XRP Ledger (XRPL) gives it a unique role in blockchain-based transactions. Unlike assets that rely on institutions or third parties, XRP operates as a neutral digital currency that functions independently of a counterparty, company or government. this design allows the digital asset to move freely between jurisdictions without risk of freezing, blocking or reversal.
Ripple’s CTO emphasizes that The usefulness of XRP lies in the financial freedom it provides, allowing anyone, anywhere, to send value instantly and securely. Unlike traditional centralized permission-based systems, it focuses on XRP as a solution that offers freedom and accessibility across digital and traditional financial systems.
Schwartz suggests that XRP could be an alternative path for digital settlement and cross-border value exchangewith a self-sovereign and interoperable future where value moves freely without control or limitations.
BankXRP echoes XRP’s self-sovereign future
Shortly after Schwartz’s comments, a well-known community account, BankXRP, highlighted his publicationdescribing it as a summary of XRP’s core mission of removing third parties from the financial equation and giving people complete control over their money. BankXRP emphasized that XRP is the basis of a sovereign financial system in which transactions do not require approval and cannot be frozen or reversed.
By amplifying Schwartz’s message, BankXRP strengthened the view that one of XRP’s strengths lies in its empowering nature, designed to make the transfer of value as simple, transparent and global as sending a message. The account described The decentralized future of XRP in which individuals do not depend on institutions but on open, permissionless networks that give them full ownership of their assets.
Your comments underline XRP’s position as a bridge asset that supports unrestricted exchange of value across borders. Rather than replacing financial institutions, XRP eliminates the need for them, allowing money to move freely around the world. Schwartz’s comments, supported by BankXRP’s interpretation, reaffirm that the core principle of XRP is to remove network gatekeepers from the value transfer process, offering people full control over their assets without relying on banks, custodians or permission-based systems.
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