The XRP community, known for its unwavering dedication to the cryptocurrency and its underlying technology, has recently found itself at odds with both external critics and internal misinformation. Crypto expert and XRP community figure, Crypto Eri, has called attention to some of the misconceptions that have been circulating within the XRP Army, urging the community to focus on addressing these inaccuracies. While the XRP Army often spends a great deal of time and energy countering Bitcoin maximalists and other external critics, Crypto Eri believes that similar efforts should be applied to clearing up false narratives within the community itself.

XRP: The Only Native Asset on the XRP Ledger

One of the primary points of confusion highlighted by Crypto Eri is the misunderstanding surrounding the assets on the XRP Ledger (XRPL). A common misconception is that XRP is just one of many tokens that can be issued on the ledger. In reality, XRP is the only native asset on the XRPL, integral to its core functionality. Unlike other tokens that may be issued and traded on the ledger, XRP is essential for processing transactions and paying transaction fees.

This is a critical distinction to make because it impacts how users and developers view the XRP Ledger’s role in the broader blockchain ecosystem. XRP’s role as the native asset ensures that it serves as the lifeblood of the XRPL, giving it a unique position compared to other blockchains.

Debunking the ISO 20022 Myth

Another area of confusion lies in the relationship between XRP and ISO 20022, a global messaging standard used by financial institutions for transferring data. Many in the XRP community have linked XRP to ISO 20022, seeing it as a strong indication of the asset’s potential for widespread adoption in traditional finance. However, as Ripple’s Chief Technology Officer David Schwartz has repeatedly clarified, XRP itself has no direct connection to ISO 20022.

For context, ISO 20022 is a messaging standard, not a cryptocurrency or blockchain. While Ripple, the company behind XRP, has worked toward compliance with this messaging standard, that does not mean XRP is automatically tied to it.

Crypto Eri has pointed out that believing XRP is inherently tied to ISO 20022 is a misconception. She noted that companies that adopt the ISO 20022 standard can transfer various types of cryptocurrencies, including Bitcoin and Dogecoin, further debunking the myth that XRP has a unique connection to ISO 20022.

In fact, Eri criticized the notion of “ISO coins,” dismissing it as a misleading concept that only distracts from the real advantages of XRP. The idea that XRP’s value is tied to ISO 20022 compliance is not just a stretch but a misinformed perspective that could damage the XRP community’s reputation if left unchallenged.

RippleNet vs. the XRP Ledger: Understanding the Difference

Another point of confusion that has surfaced involves the relationship between Ripple’s enterprise solution, RippleNet (now called Ripple Payments), and the XRP Ledger. Many in the community mistakenly equate the two, but they are, in fact, separate entities. RippleNet is a private payment system that focuses on facilitating cross-border transfers for financial institutions. While XRP can be used within RippleNet for payment settlement, it is not a requirement for RippleNet’s functionality.

On the other hand, the XRP Ledger is a decentralized blockchain that operates independently of RippleNet. RippleNet and the XRP Ledger may overlap in some use cases, but they are distinct from one another in their purposes and mechanisms. The XRP Ledger functions as an open-source blockchain, open to anyone to develop on, while RippleNet is a closed system designed for specific business needs.

Schwartz has previously made it clear that RippleNet and the XRP Ledger are two different projects with different goals. The misconception that the two are the same causes unnecessary confusion, especially among those new to the XRP ecosystem.

The Harm of Internal Misinformation

Crypto Eri’s central message is that the XRP community, while effective at defending the asset against external critics, must focus on tackling internal misinformation. She pointed out that the XRP Army has often rallied together to debunk false claims made by Bitcoin maximalists, such as the recent allegation that XRP tokens could be frozen. Community members were quick to refute this claim, reinforcing XRP’s decentralized nature and the security of the network.

However, Crypto Eri argued that the same level of diligence and unity is needed to combat misconceptions that arise within the XRP community itself. This internal misinformation, if left unchecked, could undermine the credibility of the XRP ecosystem and its broader goals of adoption and growth.

“Spending energy on correcting misunderstandings within our community could be just as impactful as defending XRP against external attacks,” said Crypto Eri. By addressing these internal myths, the XRP Army could further strengthen the ecosystem’s credibility and ensure that newcomers have an accurate understanding of what XRP is and how it operates.

Conclusion: Strengthening the XRP Ecosystem

As the XRP community continues to navigate the world of cryptocurrency, it is essential that it unites against both external critics and internal misconceptions. By correcting misunderstandings about the XRP Ledger, RippleNet, and XRP’s role in global finance, the community can pave the way for more informed discussions and a clearer understanding of the asset’s true potential.

Crypto Eri’s call to action is a reminder that misinformation, whether from within or outside the community, can undermine the trust and integrity of a digital asset. For XRP to thrive and achieve broader adoption, the community must focus on education and clarification, ensuring that the real value of XRP is clearly communicated to both crypto enthusiasts and traditional financial institutions alike.