Chris Larsen, co-founder and Chairman of Ripple, says the company’s most important accomplishment isn’t a technical breakthrough.
Instead, it lies in earning the trust of enterprise financial institutions worldwide. Larsen shared this perspective while speaking on the “When Shift Happens” podcast, hosted by Kevin Follonier.
Larsen highlighted that credibility and consistency have been the keys to Ripple’s long-term positioning in the global payments ecosystem.
“It’s not about tech, but about trust,” Larsen stated. “We’ve earned the trust of the financial world… that takes a lot of work and consistency.”
According to Larsen, Ripple’s engagement with treasury operations and payment players across the globe is the result of more than a decade of reliable performance.
Consistency Over Hype
In an industry often driven by hype cycles and rapid innovation, Larsen noted that Ripple’s rise came from its consistent presence over 13 years, marked by a commitment to solving real-world problems.
This is evident in the several pivotal alliances and major regulatory licenses for operation across various continents that Ripple has secured during its decade-long journey in the crypto space.
In the 2010s, Ripple entered collaborations with SBI Holdings, Santander, MoneyGram, American Express, and Standard Chartered. These alliances led to the introduction of various products that serve the goal of moving value for human benefit.
Specifically, in 2018, SBI Ripple Asia launched MoneyTap, a Ripple-powered app for domestic payments in Japan. That same year, Santander introduced One Pay FX using Ripple’s system.
In the 2020s, Ripple continued the partnership streak. Notably, it acquired Swiss crypto custody firm Metaco for $250 million in May 2023, and Hidden Road for $1.25 billion in 2025.
The company also secured a license from Singapore’s central bank to offer digital payment services in 2023 and holds about 50 money transmitter licenses across many U.S. states.
Ripple Chairman Larsen stressed that the company didn’t get where it is by luck. Instead, it succeeded through consistency and values that resonate with institutional players.
The Culture Behind the Mission
Larsen also credited Ripple’s internal culture as a powerful force behind its success, describing it as “the glue” that holds the mission together.
He gave a special shoutout to Ripple CEO Brad Garlinghouse for preserving the company’s foundational values through changing markets.
“Hats off to Brad for continuing and staying really pure to the culture,” Larsen said, praising the team as “amazing, dedicated people… working every single day very hard with the right core values and their heart.”
Overall, Ripple continues to expand its role in enterprise payments, releasing key products like the recently launched stablecoin, RLUSD, to better serve the financial market. Larsen’s comments confirm that trust and long-term vision are Ripple’s most valuable technologies.
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