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Ex-Ripple Director Matt Hamilton Rejects Concept of Gold-Backed XRP

Matt Hamilton states that XRP cannot be backed by gold, dismissing related proposals circulating in the crypto community.

XRP

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Terms & Concepts
  • XRP: A digital asset developed by Ripple Labs used for fast and low-cost cross-border payments.
  • Gold-Backed Cryptocurrency: A digital currency whose value is tied to a fixed quantity of gold to provide stability and trust.