One of the key words found in 1 Peter 1 is the word, redeem. Some translations, such as the one below, choose to use the word ransom instead. Regardless of which word is used, the meaning is still the same: we are redeemed/ransomed through the blood of Jesus Christ, which he willingly shed for the forgiveness of all sin.
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Many Blessings in Jesus!
Pastor Richard
1 Peter 1.18: For you know that God paid a ransom to save you from the empty life you inherited from your ancestors. And it was not paid with mere gold or silver, which lose their value. (NLT)