Ripple is prioritizing privacy to drive the next stage of institutional adoption for its XRP cryptocurrency. The company announced that confidential transactions and smart contracts will be key features of the revamped XRP Ledger, aiming to balance regulatory compliance with confidentiality. Ripple CEO Brad Garlinghouse confirmed this direction in a recent conversation with crypto expert Vet, who notes that their discussions focused on strengthening privacy within the XRP ecosystem. 36Crypto reported on this development that aims to create a compliant yet confidential environment for institutional transactions. 2023 has seen significant advancements in Ripple’s network, including introducing decentralized identifiers, on-chain credentials and permissioned domains. This strategic focus aligns with the broader goal of creating a secure and transparent platform that can support real-world use cases.