Ripple's Chris Larsen: The Internet of Value Is What’s Missing

🎥 Jul 02, 2025 📺 AllinCrypto ⏱ 1m 👁 1747 views

This clip from nearly 9 years ago still hits today. Ripple's Chris Larsen explains why global money interoperability is the final step ...

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About Chris Larsen

Chris Larsen, co-founder and executive chairman of Ripple, has been active in discussing the company's progress and the broader cryptocurrency landscape. In October 2025, he announced that Cross River Bank and CBDW had become the first U.S. banks to join the Ripple protocol, describing the development as a step toward demonstrating that distributed ledgers are viable alternatives to correspondent banking. Larsen stated that the strategy involves securing a bank in each key global region to create a multiplier effect, and noted that Ripple has about seven institutional market makers. He has also spoken about the potential for blockchain technology to improve carbon credit markets, arguing that it could make them "radically transparent" and help ensure fair pricing for participants such as farmers in Africa. Larsen has frequently addressed regulatory and reputational challenges facing the crypto industry. He has said that "reputational risk" and a lack of clear rules are holding back adoption, and that the industry needs to work on getting law enforcement and banks comfortable with the technology. He has described the current U.S. regulatory approach as "regulation by enforcement" and advised entrepreneurs not to start crypto businesses in the U.S., pointing to jurisdictions like London, Singapore, and Dubai as having clearer rules. Larsen has also characterized the internet of value as "the final step in globalization," arguing that while data and goods are interoperable globally, money is not. In addition, he has commented on local issues in San Francisco, including homelessness and public safety, and has supported community benefit districts and camera networks in the city.

Source: AI-verified profile updated from Chris Larsen's recent appearances. Browse all interviews →

Transcript (2 segments)

Narrator0:00

Really sort of gives me that confidence that XRP is going to do what I believe it's going to. And of course, this is a video that's nearly nine years old in 2017. So, let's go ahead and play the kind of opener of Chris Larsen talking about this technology's impact on a global world and why it's such a big deal.

Chris Larsen0:17

But, you know, the internet of value, I think, is more than just laying out a new way of doing finance. I think fundamentally this represents the final step in globalization. And we're at a very interesting time right now with globalization. The world has never been more interconnected, more dependent on each other. We have got to work together as one world. It's also never been more divided and there's never been more disillusionment around what globalization means. And I think that's fair. People should be disillusioned with globalization, but not because it's a bad idea. It's a work in progress. It's incomplete. There is something missing with globalization. And we like to use the analogy of fire. You cannot have fire without fuel, oxygen, and heat. And I think the same thing applies with globalization. Globalization does not work unless you have interoperability between three things: data, goods, and money. And the truth is we only have interoperability in two of those things. Goods and data are fully interoperable around the world. Money is not. So in some ways, we have a fire without fuel. It's this smoldering thing. We know there's potential there, but it really isn't delivering on all the promise.