Ripple Developer Responds to Annoying Allegation About XRP!

Earlier lead developer advisor at Ripple serving as Matt Hamilton, XRPIt refuted claims that soon it could only be used for corporate payments.

Once upon a time Ripple LabsMatt Hamilton, Chief Developer Advisor at .

Former Ripple Developer Debunks Allegations That XRP Will Soon Be Restricted To Institutional Payments

Hamilton’s comments came in response to allegations made by the official Twitter account of the recently launched XRPL token called XRPayNet.

The account in question highlighted Ripple’s stance on withdrawing XRP tokens from the market, claiming that the firm plans to limit the use of XRP to institutional payments in the future.

XRPayNetHe said they plan to fill the gap when Ripple finally decides to make XRP only available for institutional payments. “We are settling where they will leave the market,” they said.

In response, Hamilton stated that anyone making claims that XRP will soon be limited to institutional payments is intended to mislead the public.

The XRP Ledger is permissionless. You can build whatever you want on it. You can use XRP for whatever you want. Anyone saying “XRP will only be used for institutions” is misleading people.

— Matt Hamilton | #LabWeek22 🇵🇹 (@HammerToe) November 3, 2022

XRP is not authorized, Hamilton tweeted on Thursday. You can build whatever you want on it. You can use XRP for anything you want. Anyone who says “XRP will only be used for institutions” is misleading people,” he said.

As part of its growing corporate partnership model, Ripple last month partnered with Swedish money transfer service Xbaht AB and Paris-based payment solution Lemonway to introduce its ODL solution to the Swedish and French markets.

*Not investment advice.