- Rumor of U.S. citizens buying Saudi property with XRP lacks official backing.
- No Saudi or Ripple confirmation till now.
- VivoPower’s $121M XRP strategy misinterpreted as policy change.
A report claims Saudi Arabia will let U.S. citizens purchase property using XRP cryptocurrency, although no official confirmation exists from Saudi authorities or Ripple as of now.
The rumor’s legitimacy remains unverified, potentially influencing market perceptions of XRP without concrete policy underpinning.
Unverified claims of Saudi Arabia allowing U.S. citizens to purchase properties with XRP have emerged, lacking official corroboration. No statement has been released by Saudi government entities, Ripple, or major exchanges supporting this information.
The claim originated from social media posts suggesting a policy shift. Both Saudi ministries and Ripple have not issued any official documents or announcements to validate these rumors. The specifics remain unclear, with no recognized changes reported.
Market reactions to the rumor have been noted, yet there is no substantiated evidence impacting industries or governments. Initial excitement appears ungrounded without formal confirmation from credible sources like Ripple or Saudi authorities.
Financial implications were speculated due to Prince Abdulaziz’s involvement in a corporate initiative that focuses on XRP. However, this involves corporate treasury movements, not government real estate transactions.
Comparisons to other crypto adoption remain speculative without governmental support. Financial, regulatory changes remain elusive as no solid foundation exists. Proven shifts in policies need documented verification, diverging from speculative discussions.
Historical parallel with corporate BTC treasuries shows potential for future developments but offers no guarantee of similar policy adoption by Saudi authorities. His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, Chairman, Eleventh Holding Company, said, “We are honored to be leading this capital raising for a company that will be the first in the world executing on an XRP-focused digital asset treasury and decentralized finance strategy.” Continued scrutiny is required as rumors circulate.
