Expert Highlights Key Misconceptions Plaguing XRP Community

XRP community figure Crypto Eri recently weighed in on how the XRP Army spends significant effort countering Bitcoin maximalists while allowing internal misinformation to persist.

Eri believes the XRP community would be much better off if it directed similar efforts to overcoming internal misinformation. She went on to highlight key widespread misconceptions in the XRP community. The first item she clarified was the position of assets issued on the XRP Ledger.

XRP is the Only Native Asset on the XRP Ledger

A key point often misunderstood is that XRP is the only native asset on the XRP Ledger (XRPL). Unlike other tokens that can be issued on the ledger, XRP is integral to its functionality. It serves as the primary means for transactions and fees.

No Direct Connection Between XRP and ISO 20022

Another common misunderstanding relates to ISO 20022, a global messaging standard for financial institutions. According to David Schwartz, Ripple’s Chief Technology Officer, XRP has “nothing to do with ISO 20022.”

For context, ISO 20022 is a global messaging standard for payments, while XRP is a crypto asset. While this clarification has come up multiple times, some members of the XRP community continue to insist on XRP’s relationship with ISO 20022. 

This perspective largely relies on Ripple’s early compliance with the messaging standard. Proponents see it as “bullish” for XRP, while critics like Crypto Eri argue that it’s irrelevant to XRP.

“There is no such thing as ISO coins,” Eri fired back at one believer of the idea, adding that the notion is misleading. She, however, stressed that companies that adhere to ISO messaging standards can transfer Bitcoin, Dogecoin, or any crypto asset.

There is no such thing as ISO coins. This is where you've been misled. Bitcoin, USTD, Doge, DogwifHat, Fartcoin, Pepe, can all be sent in a transfer by a company that adheres to the ISO messaging standards.

— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) February 23, 2025

RippleNet Is Not the XRP Ledger

Further adding to the confusion, many mistakenly equate Ripple’s enterprise solution, RippleNet (now Ripple Payments), with the XRP Ledger.

Schwartz has clarified that RippleNet is a private payment system facilitating cross-border transfers. On the other hand, XRPL is a decentralized blockchain. While XRP can be used within RippleNet, it is not a requirement, and the two operate independently.

Misinformation Weakens the XRP Narrative

In the past few weeks, Bitcoin maximalists have attacked XRP, spreading half-truths or inaccurate information to discredit the token. One such example was Davinci Jeremie, who argued that XRP tokens could be frozen.

However, community members resisted the claim and set the record straight. Crypto Eri hopes the community could similarly come together and fight rampant internal misinformation, as this could further strengthen the XRP ecosystem’s credibility.