Ripple CTO Shuts Down Wild Claims of Secret XRP for Banks Only

Fresh controversy has erupted in the XRP community following bold claims of a secret version of XRP used exclusively by banks. The theory, which quickly gained traction on social media platforms, suggested that major institutions were transacting with a hidden, faster XRP variant unavailable to retail users.

The speculation was fueled by posts on X, including one from a user identified as XRP_TITAN, who pointed to conversations indicating possible institutional advantages. The narrative suggested that a dual system was in place, where retail investors held a standard token while banks operated on a superior version of XRP.

Concerns grew rapidly as the idea of a two-tier system began to circulate. Community members feared that institutional players were benefiting from an undisclosed advantage. Such a system, they argued, would go against the core principles of decentralization, fairness, and transparency.

Amid rising tension, Ripple’s Chief Technology Officer, David Schwartz, publicly addressed the issue and delivered a firm denial. He stated clearly that there is “no separate or private version of XRP,” directly rejecting the ongoing rumors.

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CTO Confirms All Users Operate on the Same Public XRP Ledger

According to Schwartz, all XRP operates on the same open-source XRP Ledger (XRPL), regardless of who uses it. He confirmed that there is no mechanism within XRPL that would support the creation of a private or enhanced version of the token. Every transaction on the network is visible, verifiable, and governed by the same rules for all users.

The CTO further emphasized that XRPL was designed to ensure accessibility and neutrality. No institution holds exclusive privileges on the ledger, and no separate network or hidden token is available for banks or partners.

His response comes at a crucial time for Ripple, as the company continues its legal and regulatory journey in the U.S. Transparency has been a central theme in Ripple’s operations. The idea of a secret XRP directly contradicts that public image.

Conclusion

Ripple’s CTO has brought clarity to a swirling controversy, firmly denying the existence of any private XRP version for banks. His statement reinforces the company’s commitment to equal access and transparent blockchain operations for all participants in the XRP ecosystem.

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