Like many pioneering crypto projects, Ripple plans to enter the decentralized finance sector. institutions.

In a recent interview with David Schwartz,BlockDown TVDuring which he was asked where he sees the Ripple network five years from now.

Schwartz, one of the original engineers and developers of the XRP Ledger, replied that he hopes RippleNet will be the number one store and the first choice for organizations hoping to enter various digital financial payments.

According to Schwartz, the company is well organized to start offering new services.

We are also looking to provide other services through RippleNet such as loans, or perhaps even the introduction of DeFi especially if the field grows and develops further.

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One of the unique things that Ripple has is that we have our software in the transaction flow for all of these financial institutions and banks, so we can develop some new products or services, or even something that comes from the DeFi space.

Schwartz’s recent comments aren’t the first indication of Ripple’s interest in DeFi.

Last year, the company announced that it had acquired Logos, a payments startup, to lead an ongoing initiative to explore a decentralized financial system that would leverage XRP tokens at its core.

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Ripple has also published a set of job announcements indicating the company’s interest in building a decentralized trading platform.

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