XRP Dubbed 'Gold at Internet Speed' by XRP Ledger Foundation Contributor

Vet, a contributor to the XRP Ledger Foundation and dUNL validator for XRP Ledger, compares XRP to 'gold at internet speed' due to its neutral qualities and fast settlement capabilities.

Gold has long been considered a neutral asset because it doesn't rely on any single issuer or third-party institution, but Vet notes that it's not ideal for payments due to slow cross-border transfers, high storage costs, and authenticity verification issues.

XRP, on the other hand, allows for fast transaction confirmations, enabling value to flow globally almost as quickly as internet transmission. This is a key feature of XRP, making it suitable for serving as a cross-market liquidity bridge.