XRP Ledger Fights Off Scam Onslaught as Ripple Positions Itself as Global Finance Disruptor

Fraudulent projects flood the XRP Ledger—just as Ripple doubles down on its ambitions to reshape cross-border payments. The irony isn't lost on crypto veterans.

While Wall Street still debates blockchain's utility, Ripple's infrastructure quietly processes millions in real-world transactions. Yet its open ledger remains a magnet for bad actors chasing quick profits.

Can the network clean house before institutional adoption kicks in? The clock's ticking—and traditional finance won't wait forever for crypto to grow up.

Ripple is building a financial system

Despite these risks, Schwartz outlined a long-term vision for XRPL as a foundational LAYER for global finance.

He stated:

“You could consider the XRPL together with other things Ripple has built to be a financial system. I hope over the next few years it can provide a significant fraction of the financial services that people need every day from payments to investments to loans.”

He explained that XRP will be central to this ecosystem for payments, liquidity, trading, and settlement.

According to Schwartz:

“XRP has a privileged place on XRPL. It’s the only asset that any account can receive. It’s the only asset without a counterparty. Pathfinding checks for XRP liquidity first. Autobridging makes offers to and from XRP more likely to be taken. It’s the only asset you can pay transaction fees with.”