Ripple’s Chief Technology Officer, David Schwartz, recently spoke in an X Space where he offered a perspective on the future of global reserve currencies.
The conversation was shared by JackTheRippler (@RippleXrpie), who highlighted the remarks for the cryptocurrency community, as Schwartz’s comments opened up discussion about alternatives to the U.S. dollar’s long-standing position.
BOOOOOOOOOOOOOOOOOOM!!!
David Schwartz indirectly says that #XRP will become the world’s reserve currency!
pic.twitter.com/WRpnqa0RJO
— JackTheRippler © (@RippleXrpie) October 1, 2025
Shifting Views on the Dollar
During the conversation, Schwartz said he believes it is “quite realistic that a lot of the world is just done with the dollar as the reserve currency.” He noted that while the U.S. has benefited from this role, other countries may not see it as sustainable in the long term.
In his view, several large nations might attempt to put forward their own currencies, but most countries would not want to see their geopolitical rivals in control of such a system.
Schwartz compared the situation to his earlier experiences with banks. He explained that while major institutions like Deutsche Bank or JPMorgan Chase could build systems for the industry, thousands of smaller banks resisted using them due to competitive disadvantages. He suggested that nations may follow similar logic and avoid adopting a system controlled by their strongest competitors.
Considering Digital Assets
Schwartz outlined what he described as a potential success scenario for digital assets. He argued that if the U.S. dollar loses its position, many countries may hesitate to back a national currency from a rival power. He said, “Maybe they could settle on a currency that nobody could control rather than one controlled by their most powerful geopolitical rival.”
In this view, a neutral digital asset could present itself as an option. Schwartz emphasized that no single country would want to see its rival’s currency replace the dollar, and therefore, a shared alternative might gain support.
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XRP as the Best Candidate
Schwartz explained that countries may ultimately seek a neutral asset rather than accepting another rival’s currency, describing it as avoiding “the old boss with a new boss.” Among digital assets, XRP stands out as the most practical choice.
It is already designed to handle global liquidity, with proven speed, low transaction costs, and the ability to scale for institutional use. Unlike Bitcoin or other tokens, XRP has positioned itself directly for financial settlement and cross‑border utility, aligning with what nations would require in a reserve asset.
The clip shared by JackTheRippler has strengthened the belief among many that XRP’s neutrality, functionality, and established adoption make it the strongest candidate to replace the U.S. dollar’s dominance and become the global reserve currency.
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