Ripple CTO: Amazon and Uber Will Embrace Blockchain Finance
Ripple’s CTO David Schwartz predicts major tech firms like Amazon and Uber will migrate their financial operations to blockchain-based systems. He argues that decentralized finance (DeFi) solutions—offering programmable money, continuous settlement, and composable workflows—address enterprise needs that legacy payment rails cannot meet. Schwartz emphasizes neutrality in public ledgers as a key feature for institutional adoption, allowing multiple counterparties to cooperate without a central gatekeeper.
The comments, featured in Episode 1 of Ripple’s Onchain Economy series, position DeFi as a practical enterprise tool rather than a speculative market. Ripple highlights the XRP Ledger (XRPL) as a neutral blockchain venue for institutional on-chain finance, citing over $1 billion in monthly stablecoin volume and upcoming protocol-level credit and asset controls. Schwartz asserts that DeFi will “take a huge bite” out of TradFi in the next few years, provided the blockchain sector delivers services with institutional-grade compliance and security.
Bullish
Positive institutional endorsements and predictions of blockchain migration by major tech firms tend to boost market confidence and demand. Past signals of corporate adoption—like PayPal enabling crypto payments—often led to price rallies in related tokens. Here, Ripple’s CTO spotlighting DeFi use cases, XRPL volumes, and neutral ledger benefits reinforces the narrative of real-world blockchain utility. Traders may react by accumulating XRP and related assets in the short term, while long-term outlook improves as big tech integration matures, driving broader market growth.