A long-time Ripple employee clarifies why XRP is fundamentally incompatible with a gold-backed system.

XRP and Gold Backing Claims

Recent discussions have focused on Ripple’s XRP and assertions that the digital asset might be supported by physical gold reserves.

Nature of the Claims

These claims have sparked considerable debate and scrutiny within the cryptocurrency community.

Impact on XRP

The allegations directly involve XRP, a cryptocurrency associated with the Ripple company.