Ripple (aka XRP): International Payments Platform Blockchain - David Schwartz with CB Insights

David Schwartz, CTO of Ripple, is interviewed by Fortune's Jeff Roberts.
This Interview was recorded on June 12th, 2019 at the Future of Fintech conference in NYC.
Ripple is a blockchain that focuses on solutions to source crypto, facilitate instant payments, empower their treasury, engage new audiences, lower capital requirements, and drive new revenue. Ripple provides various services such as:
- Cross-Border Payments: Enhance payments with real-time settlement, liquidity management, and access to working capital.
- Crypto Liquidity: Use an all-in-one platform to buy, hold, and trade digital assets, delivering the crypto services your customers want.
- CBDCs: Implement a scalable, secure, and sustainable Central Bank Digital Currency that meets the high security standards of Central Banks.
Ripple is committed to a low-carbon future for the crypto industry and global economy. The XRP Ledger is the world's first major global carbon neutral blockchain, enabling sustainable crypto solutions and powering more efficient, scalable and dynamic carbon markets.
Ripple is on track to achieve carbon net zero by 2030 or sooner through reduced emissions, clean energy use, and large investments in innovative carbon removal projects.
To secure your spot at Future of Fintech 2020, visit: events.cbinsights.com/future-of-fintech
Time Stamps:
0:00 - What is Ripple?
0:56 - Why is the adoption of Ripple slow?
2:55 - What is XRP and why do people need it?
4:40 - Who are the companies that exist alongside Ripple?
7:08 - XRP success story
8:44 - Are stable coins a danger to XRP and Ripple?
10:39 - Thoughts on Facebook / Metaverse Coin
11:46 - How are XRP ledgers made?
12:49 - Is Ripple / XRP centralized or decentralized?
15:05 - Volatility of XRP
16:49 - Ripple's position on defending crypto
19:04 - SEC on Crypto
19:50 - Future of Crypto
21:22 - Future of Micropayments and Web Monetization of Crypto
23:36 - How far away are we from micropayments and Crypto payments?
24:15 - Overrated vs Underrated with David Schwartz
Questions? Comments? Let us know!
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[@Unknown_Revolver]

In 1 minute this guy can delivers so much information 🤯

[@jamesthomas1244]

David is smart as a whip for sure.

[@BlackCulturalPreservation2023]

To MARS...$10 THEN $100, THEN $1000, THEN $10,000 THEN $35,000

[@singaporeghostclub]

The way that David just let all those information flow out from him is phenomenal.

[@BlackCulturalPreservation2023]

To MARS...$10 THEN $100, THEN $1000, THEN $10,000 THEN $35,000

[@nickdavies6693]

What a legend. Hodling XRP seems like a no brainer when you have guys like Brad Garlinghouse and David Schwartz (and the rest of the Ripple team) building the foundations for the biggest financial revolution we're ever going to see in our lifetime and for generations to come.

[@matttafakt]

No Brainer lol .. exactly.. most who invest in XRP don't have a brain.. lmao

[@nickdavies6693]

It's made me a lot of money already, depends when you got in I guess.

[@chrish0178]

@@matttafakt The adults are speaking.

[@xrp_godly589]

This comment is still holding up strong 💪 even though we’re at $0.50 😂 The world is almost ready 👍

[@jermainejermaine8726]

Well, BIB Cryptocurrency Exchange is hitting a new milestone. They will be having their Initial Exchange Offering their own exchange platform and will be selling 1Billion tokens (200,000USD value) You have to check it 😄

[@paristyacke4535]

Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world, both NFT, real estate and Crypto shares are really positively changing people's lives.

[@brucedonne3313]

I'm thinking of investing in the crypto market but taking my time to figure out how the whole thing works.

[@francislezama2713]

Investing in crypto is very volatile and risky which is why most successful investors trade with professional brokers

[@zackgallinger3311]

The real risk in the Crypto market is the risk of not investing, not the risk of short term price volatility.

[@lauraramin4417]

I have been investing in crypto but have had a bumpy ride. How can I reach your broker? I will appreciate any tip or pointers

[@doloresromera3617]

I once tried trading myself but made more losses than profits. I wouldn't suggest it to anyone

[@ericbryan4490]

David is really smart and his interview was pleasant to watch. Ripple is in good hands.

[@NomadVoyage]

X R P - Xcellent Retirement Program

[@ernestsysbm1175]

💯💯💯👌🚀🚀🚀

[@jke153753489]

yup.

[@mogambokushhua1341]

Yes definitely 500$ to 1300$

[@ManyDoors777]

Not necessarily

[@mogambokushhua1341]

@@ManyDoors777 feel bad in future (Xrp holder future KINGS)

[@hersonpuman8955]

I want a David Schwartz 'Action Man' doll with a pull cord where he talks about cross border payments when you pull it!!!

[@josephvillenabuchberger4257]

Yeah!

[@JamesRule]

Love it!! 👊🏻😎

[@filijala7925]

Hahah

[@jonafrica5739]

CBP is only the very beginning it’s a drop in the bucket. What ripple and xrp is aiming for is 100% of the derivatives market!! The lumen will be the worldwide currency. Step into the light.

[@basoostdijck7839]

Make a "NFT"

[@sean27972]

Its designed to run at $10,000 value.... Just buy $100 of it and forget about it! It will pay off your mortgage one day

[@dommysatchel]

I like hearing David's talks. He's is very articulate and shows he knows what he's talking about vs some of these other CTOs.

[@gmr6171]

What's ctos

[@dommysatchel]

@@gmr6171 chief technology officers

[@milan1715]

Really cool guy, David Schwartz. Also the interviewer had really good questions. This interview provides a great insight into XRP / Ripple. Thanks for the valuable information.

[@1908AMIR]

The smooth flow of knowledge and information is absolutely insane, glad to be part of #XRPARMY

[@lukieblue9500]

Even here he anticipated the SEC lawsuit when he spoke about regulatory uncertainty. A defence they are now using effectively in court. Brilliant

[@chrish0178]

After slaying all his foes Wolverine started coding.

[@go4bo764]

Chris H 01 he looks more like the Beast, minus the blue color

[@mattblue144]

Funny comment

[@jayfromsandiego5962]

HAHA

[@Harry-tc2fy]

I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

[@naomieharris3367]

All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses.

[@markfreund8904]

That is true, you need an expert trader to make good profit from cryptocurrency trade

[@markfreund8904]

And this is the perfect time to invest in cryptocurrency because of the rise in cryptocurrency.

[@oaknoahs645]

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor their trade.. I will advice you to stop trading on your own it's very risky. Seek advice of a professional trader.

[@leonardwinston4232]

How can someone know a professional trader that is trustworthy when legit ones are hard to find this days.

[@cryptogangster4246]

I like that he's honest.

[@marcuscous]

Finally we have an interesting interview about Ripple.

[@YohannesMadeIT]

Schwartz is the man!!

[@matttafakt]

Just another Jew Banker scammer.. carry on lol

[@amacmaster6]

@@matttafakt Banker? Scammer? Oh boi.

[@agrayman7346]

Safe to say that matttafakt is thick as shit.

[@luis9521]

It's exciting how he is stating that the crypto market as a whole needs to first prove itself to be actually worthy in our society. Then later on the single crypto assets need to prove themselfs in order to survive. So no reason to hate each other and call out coins as "shit coins". Time will tell who will survive. Stay excited. Big things are coming up.

[@corylyonsmusic]

This kind of divisiveness is common in revolutionary world changes like crypto. Everyone sees the future differently...some can see it and some can't. The biggest issue with XRP is its goal in changing one of the most powerful institutions in the world. They are set in their ways and believe they are already efficient enough...you really have to convince them why change is a good thing. This idea is solid, the team seems prepared, and XRP will be huge...it will just take a few more years.

[@remcovanbatenburg5484]

at one point of this interview i was just chillin on David's smooth talk

[@stillebenfilm]

Quite pure interview by an excellent journalist with the critical questions we all ask ourselves, and one of today's fintech's brightest and most talented developers, David Schwarts. The Cryptos answer to Steve Jobs, which among other things takes on the heavy task of getting the banks to understand and adapt to the new digital age and which, if they do not soon get rid of the ass, risks being hit by The Kodak Moment and becoming redundant or losing a large market share. Xrp and Ripple will become huge in 5-10 years.

[@corylyonsmusic]

Absolutely agreed

[@murphymcmanus7445]

Dexter, You don't know what your talking about.

[@dogsbollox2]

Genius that man

[@Gauss6174]

goddamn, first time i've watched him time for a full video, dude is so articulate, fluent, knowledgeable and just knows what the hell he is talking about.

[@Gauss6174]

@Nathan Wind ok, hopefully it doesn't turn out that way

[@olivermasters]

What a great interview Jeff. Glad you came right out and asked some tough questions.

[@deanh7161]

Thanks for the upload. Very interesting conversation 👍👍👍

[@joaoalegria7578]

This man is a genius!

[@tylerhill9483]

wow, he said ethereum was underrated.

[@toshynews5561]

David is super genius, I’m all in on XRP

[@successbuilder27]

All in

[@chrish0178]

@@successbuilder27 i max out the amount of xrp i can buy every day

[@andrewfreeman88]

All in on any Crypto is a bad idea....unless it's Bitcoin

[@arlequin7002]

Jesus Christ man, diversify

[@shambunampoothiri8112]

@Xrp 2021 its 0.19 to0.17 to 0.13 too....lol Genius sells , Dump buys ....am I dump ..maybe...but not selling not selling if it hits One cent on one hundred dollars too ...

[@LonelyHeartsChannel]

These guys are impressive. Ripple CTO David Schwartz & CEO Brad Garlinghouse. In investing, Warren Buffet looks at the leaders of a company. I guess he'd love these 2.

[@corylyonsmusic]

Yep

[@spaghetticaneddie1150]

Who the hell can compete with this guy lol. He truly is way ahead of most of the community.

[@toblerusseta]

What an excellent speaker A true orator.

[@KJ-pd3nf]

That's a ridiculously smart man! Just listen to David explain the topics so effortlessly and without using "filler" words. Straight facts, no huh, hum, um, nothing of the sorts. He's got my respect. #XRP

[@7SickoZ]

Crypto Kev lol his opening statement was full of a bunch of “UHHH UHM.. UHHH”

[@kangkim150]

@@7SickoZ Let the fan boy lie to himself. Sometimes when you have so much on the line you become blinded to reality and nothing will change their mindset.

[@hablemostorah3086]

There is a bee pollinating the XRP flowers in the middle of the interview! Good sign!

[@zenco1611]

Roberto Soledad, what time in the video did you notice the bee?

[@brianchang4845]

5:17

[@YouWillFindYouInYouTube]

Dude yessssss

[@noskaamza8754]

naa bro, its a fly unfortunately haha.. even still, i have full faith in XRP flowers

[@marianor2634]

Those stable coins being released by everyone is going to drive up liquidity massively for XRP. This project will revolutionize monetary commerce.

[@corylyonsmusic]

Couldn't agree more. XRP and Ripple is about to be a world-changing event.

[@DrCrazyAzz]

Fantastic interview, gotta love the Katz.

[@Coinomic]

He and Ada founder are really smart people in the industry

[@victorblanco4499]

I would add the Algorand founder Silvio.

[@mariaritchie9454]

David is a pleasure for listening. A very, very smart guy!😘

[@smouvecouve8082]

Do you find him attractive?

[@jamesmazzoni1555]

@@smouvecouve8082 lol

[@smouvecouve8082]

@@jamesmazzoni1555 did I make you laugh

[@timetrader6064]

Living legend.

[@pix-nxbody5346]

Great to see someone can answer great questions without looking at the ceiling

[@aarongilbert945]

Great interview!

[@crypto_hodler6948]

21:00 Wowsers!! Imgur & Coil ... genius!

[@TheHiLiteShow7]

Thank you for posting this. This was brilliant insight 👌🏾 lol at the Dimon hit. Fearless!

[@dj_ath]

Xrp is more like GTA2. Its might rise to 1.00 but not much more.

[@youngjizzle8334]

schwartz for president !

[@frankjdm4636]

this is crazy alot of countries are working on their own digital currency so here is where XRP can come in and help them transfer that money? is That what Im thinking will happen? anyone else have more clarity on this?

[@jamalpeace7141]

those chairs look very very very comfy!

[@EC-gh7ih]

Best investment i've done the last 10 years with HUGE potential in the future. XRP all the way.

[@iqcreative6115]

Ripple Sucks

[@EC-gh7ih]

@@iqcreative6115 you're so naiv:D

[@kareemsaadiqbey2086]

I would agree!!!

[@stevenoconnell6297]

Lack if scarcity and the fact that Xrp is just a coin not correlated to or necessary for the technology that is ripple makes the likelihood of a parabolic rise in the value of your xrp as likely as any other shit coin is kinda what I’m thinking

[@siriusfun]

@@stevenoconnell6297 It's 2020 - your silly comment didn't age well. Most of Japan's banks are now onboard. EU central banks currently in talks. Still time to get in at a great price... ;)

[@Gigi-rc3wq]

I get on this horse and wait for it to lead me to financial freedom

[@zleviz3376]

Not far from it my friend😏

[@callumosullivan7546]

@@zleviz3376 how do u know

[@bperez8656]

I say in 10 years! 2030

[@markoztralia3595]

Without him we would be walking around as we were................................instead I'm walking around with the biggest smile knowing whats coming ?

[@CryptoTichke]

Is this the description of the e-SDR?

[@bambur1]

David, Very smart man. He answered the questions so well it seems scripted. AS far as the price holding, he should know. We had 38 billion in circulation a few months ago. Now we have just over 40 billion in circulation. Ledger volumes have also been steadily increasing. This is fine because the IMF requires stability in the system before they are willing to adopt. So holding the price is the best thing for mass adoption at this time.

[@corylyonsmusic]

Absolutely agree. XRP is definitely the most stable crypto at this point lol

[@amynguy]

price increase does not really matter, you hold for what 3-5 seconds?

[@juancarnuba8671]

Excellent interview

[@ryanpatterson9526]

He seems like a nice man

[@user-pb9ey2rh1f]

good interviewer

[@zakk.1134]

Great interviewer, didnt soft ball him at all. Hard hitting question and obvious knowledge on the subject

[@djarnisjoplin99]

Hmm.. interesting

[@qstone777]

Hard hitting questions and no interruption

[@escarface]

What a genius. I wish I knew of him in grade school.

[@escarface]

@Bill Holder ummm I like computer science. To have known a smart person in the space would have been an influence

[@ericm2944]

@@escarface But you know Bill Holder and that's all that matters.

[@nakedscreamingman7822]

There's a bear in the room! A very intelligent bear!

[@silverrapture6223]

You mean like he thinks xrp is worth or going to be used at a penny or a fraction of?

[@mrfardy91]

Market makers = SBI. When the asian Channels get lit up, expect a lot of liquidity to hit XRP.

[@nocode1]

Mover Boy if not when

[@JCOOPSBRUV]

@@nocode1 no, its when

[@sogbryan6633]

Very interesting that his reaction for "over rated" (laughter, head tilt up) was identical to his reaction to XRP (laughter, head tilt up)!!

[@silverrapture6223]

Micro payments? Sounded terrible.

[@Altezza447]

Get this man a bigger and more comfortable chair too sit in

[@thomaspayne6866]

Altezza447 -- that’s what happens when women or gay men design. They choose form over function

[@martijnijsendoorn6911]

David Schwartz is very smart man

[@newmanlord4052]

Changing institutions takes time hold in there for 5-10 years. Retirement plan.

[@corylyonsmusic]

Especially one of the richest and most powerful institutions in the world. These people are set in their ways and believe they are perfectly efficient already...but they can't pass up an opportunity for lower costs and making more money forever. You are 100% on the mark.

[@breakingtoast2255]

David Schwartz is very switched on incredible man

[@jimmybacas8003]

Is this Lazlo from the movie Real Genius?

[@jeevankotagiri9617]

Reading his book currently

[@stevenoconnell6297]

This’s the first time I’ve been exposed to David Schwartz and given all of the scammy references to XRP(not ripple) I am always hearing from people of all industries including Silicon Valley tech investors, I was surprised to hear such a seemingly brilliant individual who is obviously very knowledgeable in this space and passionately progressive in its development. Something about this guy makes me think there is some amount of legitimacy behind at very least ripple and o suppose potentially the ripple coin xrp!? 🤔

[@corylyonsmusic]

It is. People dont understand their strategy and plan...that doesn't make it a scam. They know what they are doing, IPO this year and both Ripple and XRP will be huge in 5 to 10. I'll be holding both XRP AND Ripple stock. I completely believe in what they are doing and no amount of skepticism or misunderstanding the facts will change my mind at this point. I'm just happy I'm getting in now at 20 cents a pop...a literal steal!

[@drunkwizard]

Honestly the more you look into XRP and ripple the more your logic will tell you its a good long term investment and very undervalued. The problem is your emotions will tell you its not due to so much fud, haters, lack of understanding, lack of research, etc. Use your logic not your emotions

[@corylyonsmusic]

@@drunkwizard exactly, great way to put it. I tell people all the time, if you are looking for quick little gains, avoid it, if you want a solid long term investment with extremely high potential but a wait time of a few years, XRP is where it's at.

[@corylyonsmusic]

You should probably do more research. There are many more reasons than just David Schwartz to be excited about XRP and Ripple. The problem is it doesnt behave like the rest of crypto...because it's nothing like the rest of crypto. I am prepared to hold for 10 more years if need be. This is a long term investment and that throws a lot of people off. Many people in crypto are younger and inexperienced when it comes to investing. They get impatient. This is the most exciting long term investment I've ever seen in my life. My best advice to people that arent sure is to either research a ton and find out why so many of us are so diehard about it...or just throw a couple hundred bucks in, sit on it, and do your trading with the rest of the market to make the quick gains. It's not a huge risk for a potential huge payout one day.

[@bperez8656]

Libertarian wannabes, hating on the fact that it’s not puritanical like Bitcoin....

[@dankdigital4058]

Love the Sam Bankman Fried reference at 7:24.

[@pr4nk5tr]

Good questions by the interviewer

[@jp6275]

4:49 Could Moneygram become a third party for banks?

[@benstr8156]

Yup. I caught that remark as well. No names. Now this interview was done before Moneygram partnership announcement.

[@ccg6974]

what's a realistic ath for xrp?

[@vinaynotnice]

One of the greatest mind 🙌🏻🔥

[@Max-Maxwell]

great content guys tho please turn volume up

[@shanerobinson1905]

This was 4 days ago, this guy just said we are in my opinion he just said we are at least 5-10 years away.

[@moltenmatty]

snap missed that, where did he say that?

[@Hizenbird]

"Delighted to welcome David Schwartz CTO of Ripple. (Waits for applause) Crickets. Wish I was there, I would have had that audience out of their seat! (or been the only one in the room hooting and hollering, 'You the MAN!!) LOL

[@spinLOL533]

absolute wizard

[@danielwinkler5954]

XRP GOING TO BE VERY BIG SOMEDAY SOON

[@radofficial4672]

The problem here in respect of Banks is they are quite content right now to make extra money using Swift.. until the whole sector gets competitive by offering fast settlements. I think if customers started "demanding" quicker service.. that's when you'd see them turning to xRapid. Hopefully by then.. no other offering will be as favourable as xRapid.. cross fingers.

[@kooter6136]

David actually said this ain't worth much, you still need intermediaries which will charge you. Or you need someone to create an open source exchange so the banks can connect to it to cash in XRP which the banks will probably not do. But he says everything so fast and so compact that people just say ohh this is a really smart guy, knows what he is talking about.

[@mth469]

can't they just exchange the xrp coin as an item of value instead of having to turn it into cash? are there online merchants that would accept xrp in lieu of cash?

[@reginacline0]

xrpis kong,and this news piece is a good one

[@infiniteai9768]

"Give me an example of a success story"... "In many cases we don't know..." Lmao!

[@BloodOathFamilyForever]

Right, like wtf

[@drunkwizard]

How would they know if XRP is an open system that's anonymous and decentralized?

[@smouvecouve8082]

Lol is that bad

[@breakingtoast2255]

love the honesty and the vision we have a winner for a true crypto currency XRP is the future of money with BTC being the gold standard

[@dennist.8018]

I prefer gold, thus bitcoin.

[@corylyonsmusic]

That's how I see it too.

[@ChristianSuarez-gz1ig]

Xrp will be gold backed

[@danieljohn3438]

They can just set up a XUMM wallet?

[@WorldCompilationsVideo]

David is so smart

[@ParaSteve1985]

sympathetic!

[@sandeshsapkota23]

Brillaint

[@goohee22]

Brilliant man

[@oxheadsoup9851]

@8:45 -- "Hmm, interesting..." I don't think the interviewer has a clue what DS has been saying for the previous minute or two... and to be honest, neither do I ! :-)

[@sommi888]

💙💛🧡💚 After listening to this video, I have sold all my XRP bags and bought Bitcoin instead. Thankyou! 💙💛🧡💚

[@adam9936]

Smart choice...they have clearly built a good product but without much thought on the limitations of adoption for it (regulatory, mainly).

[@metalmaniafc]

Lol 😆

[@escarface]

24:17 was fun

[@willie0782]

I see the desire of micropayments, this will change the world as subscriptions can no longer hold prepaid funds hostage. "streaming payments" for service seems to allow consumers more control over there funds to the second or penny. 👍

[@benstr8156]

"Coil"

[@ibrahimcharanek2300]

Country's should be privileged to build there cbcd's on the xrp ledger 👍🏼💯

[@loveamerica3197]

June 28, 2019 G20 XRP. Petrodollar system ELE! Who became the Number producer of Oil in 2018?

[@andrewpride5230]

Elaborate please

[@HellGod67]

For a moment there I thought I have a 1.5 speed playback

[@vicxng]

Great interview. Thank you

[@KarlDerGrosse748]

*Ripple to the moon*

[@successbuilder27]

Genius

[@artymcfly8694]

Brains and looks. The total package

[@mathewrobertson3643]

Not having a neck is proof of how big this mans brain is!

[@thomaspayne6866]

Mathew Robertson -- that man is bright as fuck.

[@jegm1118]

I’m sure his wealth is at least 100x compared to yours though

[@corylyonsmusic]

I'm sorry but when I look at David, why can I only see what Lawrence Fishbourne would look like as a white guy with glasses? XRP baby!

[@massimogullotta3874]

oohhhoooo is a Kinda of Genius

[@chrisiden1]

smart guy but in need of the one dollar shave club

[@goodtwogo]

That is one fugly man

[@martinhirsch94]

Klingons enter the crypto-space.

[@Hizenbird]

Dollar shave club is for people who are not on their way to becoming billionaires.

[@thomaspayne6866]

I’m cool with it. It takes a little getting used to, but then you can accept it just fine.

[@Badname2011]

its refreshing for them to cast someone in the role of uncle fester with hair. wait.... you mean that hobo is david schwartz?

[@barackobama6370]

Who's here after XRP skyrocketed to $2K?

[@minichanz]

Bahahahaha $2k ... you're no mathematician

[@barackobama6370]

@@minichanz $2K EOY BABYYYYY