- Ripple CTO checks a three -numbers work frame: RLUSD, XRP and XRPL.
- XRP maintains a unique position while XRPL expands to support the broader asset categories.
Ripple Cto David Schwartz confirmed that the company has developed a comprehensive financial system designed about LEDGER XRP, XRP and RLUSD Stablecoin. The approval came during the last XRP LAS Vegas event through an exchange with the Crypto Vincent Scott correspondent.
Scott presented a framework that describes the Ripple ecosystem as a stand -alone financial structure, which was validated by Schwartz as describing accurately towards the company. “Yes, you can think about these things in a financial system,” Schwartz stated when asked about the structure of the component of three components.
The main components of Framework are XRP work as a method of exchange or “gas”, RLUSD that works as an account unit, and XRPL that provides decentralized payment infrastructure. These elements together create a system that is able to facilitate the cross -border payments while providing wider financial services by Banks and Fintech institutions.
Schwartz described the Ripple goal of using this developing infrastructure to provide services such as loans, investments and payments. By adding a RLUSD, it appears that Ripple is close to an expanded and expandable base for transactions and regular settlements outside the current payment concentration.
Initial suspicions give way to confirmation
Initially, the disclosure was not observed, and Scott was upset that confession did not receive more propaganda. Since he only presented his own version of the events, there was a reason for his suspicion of his conversation account.
After a public silence Urging Reble’s CTO to check the stock exchange, compliance with Schwartz to order Scott with justification. This assertion verifies the validity of the Scott framework and provides official support for the interpretation of the financial system.
The late recognition highlights the importance of developments in the cryptocurrency sometimes without appropriate documentation or immediate verification of official sources.
Ricky Tan, a member of the community, asked whether the attention was moved from XRP to a variety of assets on the Professor XRP book. Schwartz explained that although XRPL is growing quickly, XRP continues to keep a special place in the ecosystem.
CTO emphasized that stablecoins, real world origins, and different types are now supported by XRPL as well as XRP. However, XRP carries special properties that distinguish it from other XRPL assets.
