XRP community figure Crypto Eri recently emphasized how the XRP Army expends considerable energy countering Bitcoin maximalists while permitting internal misinformation to thrive.
Eri suggests the community would benefit from redirecting this effort toward addressing its own misconceptions. Below, we explore the most prevalent misunderstandings she identified.
1. XRP Is the Only Native Asset on the XRP Ledger
A critical clarification is that XRP is the sole native asset on the XRP Ledger (XRPL). While other tokens (e.g., stablecoins) can be issued on the XRPL, XRP is fundamental to the network’s operation, facilitating transactions and fee payments.
👉 Learn more about XRP’s role in the XRPL ecosystem
2. No Direct Link Between XRP and ISO 20022
Misconception: XRP is part of the ISO 20022 financial messaging standard.
Reality: David Schwartz, Ripple’s CTO, confirms XRP has "nothing to do with ISO 20022."
- ISO 20022 is a messaging framework for institutional payments, whereas XRP is a cryptocurrency.
- Although Ripple complies with ISO 20022, this does not inherently link XRP to the standard.
"Any cryptocurrency—Bitcoin, Dogecoin, even ‘Fartcoin’—can be transferred via ISO-compliant systems."
— Crypto Eri
3. RippleNet ≠ XRP Ledger
Confusion: Many conflate Ripple’s RippleNet (a private enterprise solution) with the decentralized XRP Ledger.
| Feature | RippleNet (Now Ripple Payments) | XRP Ledger (XRPL) |
|------------------|----------------------------------|--------------------|
| Type | Private payment network | Public blockchain |
| XRP Use | Optional | Native asset |
👉 Understanding Ripple’s payment solutions
4. The Cost of Misinformation
Persistent false narratives weaken XRP’s credibility. For instance:
- False Claim: "XRP can freeze user funds."
- Fact: XRP transactions are immutable on the XRPL, unlike centralized systems.
Eri urges the community to combat internal misinformation as vigorously as it challenges external critics.
FAQ
Q1: Can other tokens replace XRP’s role in the XRPL?
A1: No. XRP is the only asset native to the ledger, essential for transaction fees and security.
Q2: Does ISO 20022 adoption boost XRP’s price?
A2: Not directly. Compliance benefits Ripple’s institutional services, not the XRP asset itself.
Q3: Is RippleNet required to use XRP?
A3: No. XRP operates independently on the XRPL, while RippleNet is a separate enterprise product.
Final Thoughts
Accurate information strengthens the XRP ecosystem. By debunking myths and focusing on verifiable facts, the community can build trust and foster sustainable growth.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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