XRP Touted as 'Gold with Internet Speed' by Ecosystem Expert

Vet, an XRP Ledger Foundation contributor and validator, compares XRP to gold due to its core design. He argues that native cryptocurrencies like Bitcoin and XRP inherit gold's properties of decentralization, no single issuer, and universal trust.

Gold, while widely accepted, has drawbacks in terms of physical transportation and verification. Vet claims that XRP retains gold-like trust properties but settles transactions in seconds, allowing value to move globally at internet speed.

The XRP Ledger's auto bridging feature connects different currencies based on their available liquidity, using XRP as the connecting asset. Vet explains that XRP's neutrality and jurisdiction-free status make it a natural fit for this role, enabling efficient bridging of currencies without censorship.