BankingBusiness

Ripple: Presents a vision for federated sidechains on XRP Ledger

Ripple: Presents a vision for federated sidechains on XRP Ledger

  • Ripple provides one frictionless experience to send money globally using the power of blockchain technology
  • Over the last nine years, the XRP community has been committed to advancing the innovation and forward progress of the XRP Ledger
  • In fact, the number of DeFi developers has grown 110% since 2019, and that number is projected to grow well beyond 2021
  • Proposing a strategy that enables the best of both worlds: Federated Sidechains for the XRP Ledger
  • This will enable developers to implement new features, such as native smart contracts that interoperate seamlessly with XRP
  • In order to understand the vision for Federated Sidechains, it is first important to define a federator
Previous article
ShelfLife: Raises $3M in Seed Funding
Next article
Klarna: Launches in France
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

GoCardless Achieves Profitability in First Quarter

Fintech company GoCardless reports a significant financial milestone.Highlights: GoCardless has posted its first profitable quarter.The fintech company reported...
FinTech

AI Fintech Startup Round Raises $6 Million to Accelerate Growth

Funding will enhance AI-driven financial solutions for consumers.Highlights: AI fintech startup raises $6 million in funding.Investment aimed at...
FinTech

Wise Strengthens US Presence by Shifting Primary Listing

The fintech firm moves its primary share listing to the United States.Highlights: Wise to change primary listing from...
FinTech

Fed Accelerates FedNow Development for Cross-Border Payments

New consultations aim to enhance international transaction efficiency.Highlights: Federal Reserve seeks input on cross-border payment improvements.FedNow aims to...