A resurfaced comment from Ripple co-founder Chris Larsen has sparked renewed attention to XRP’s early goals. According to crypto commentator Xaif on X, Larsen stated, “In the beginning, we wanted to build a better Bitcoin… and we created XRP.”
This statement has quickly reignited discussion across the digital asset community. It gives insight into the initial reasoning behind the XRP Ledger and Ripple’s entire trend within the realm of blockchain money.
Although Larsen did not develop the XRP ledger, he joined Ripple soon after it was developed by David Schwartz, Jed McCaleb, and Arthur Britto. They aimed to resolve Bitcoin’s main disadvantages, namely, its low processing speed and extensive energy consumption.
Also Read: Onyxcoin (XCN) Price Prediction 2025–2029: Can Onyxcoin (XCN) Hit $0.02 Soon?
Larsen’s point was setting up a business model based on the practical financial application of this new technology worldwide. His approach made Ripple develop enterprise tools by relying on XRP to facilitate cheap and rapid international transactions.
XRP is not a product aimed at rivaling banks but to complement them. It was a connector between currencies and enabled institutions to make cross-border payments in just a few seconds. Compare this with Bitcoin, which was developed as a peer-to-peer alternative to the banking system.
Ripple launched products like xRapid and xCurrent to offer instant fiat settlement using the XRP Ledger. These tools removed the need for pre-funded accounts, reduced transaction costs, and allowed banks to move value across borders with ease.
XRP Ledger Still Delivers on Its Original Purpose
More than a decade later, the XRP Ledger has continued to function according to its founding purpose. It remains one of the fastest and most energy-efficient blockchains in the industry today.
The ledger has taken on more functions beyond payments, introducing support for stablecoins, asset tokenization, and smart contracts through its Ethereum Virtual Machine (EVM) sidechain. These changes reveal that the technology has not yet reached maturity with respect to new financial requirements.
Ripple has also obtained regulatory licenses in significant jurisdictions such as Europe and Asia-Pacific. The company has been collaborating powerfully within conventional finance and relying on XRP as part of its infrastructure.
Larsen’s comment has brought XRP’s foundational purpose back into focus. What began as an effort to build a better Bitcoin evolved into one of the most widely used tools in institutional blockchain finance.
Also Read: XRP/BTC Pair Shows Signs of Reversal as Technical Indicators Strengthen
