Monica Long Discusses Ripple’s Expanding XRPL with the Help of New Partnerships
Ripple and its XRP Ledger (XRPL) are experiencing exciting progress, as evidenced by the enthusiasm of President Monica Long. Through strategic partnerships and integrations, Ripple is unlocking a world of possibilities for XRPL, and there are some important details you need to know about.
Ripple has recently partnered with Axelar Network, and Monica Long is thrilled about this collaboration. She emphasizes the positive implications it will have for XRPL. This partnership is not only exciting for Ripple executives but also for the XRP community. Long highlights several benefits that will arise from this partnership, including the facilitation of cross-chain decentralized applications (dApps) on XRPL and the provision of liquidity for various assets. This move will expand XRPL’s features across multiple blockchains, which is a significant step forward. Markus Infanger, RippleX SVP, shares Long’s enthusiasm and emphasizes the shared vision of Ripple and Axelar in creating a seamlessly interconnected blockchain ecosystem.
The partnership between the Axelar Foundation and Ripple aims to extend XRPL’s interoperability to over 55 connected blockchains using its General Message Passing (GMP) feature. This aligns with Ripple CTO David Schwartz’s belief in the transformative potential of enhanced blockchain interoperability, especially in driving innovation within decentralized finance (DeFi).
In another groundbreaking move, Ripple has partnered with Zoniqx (formerly Tassets) to streamline tokenization for real-world assets on XRPL. This collaboration combines XRPL infrastructure with Zoniqx’s services to simplify the tokenization process, making it more efficient, accessible, and liquid in the digital asset marketplace. This partnership underscores Ripple’s commitment to driving innovation and expanding the utility of XRPL.
Despite ongoing legal challenges, Ripple remains at the forefront of blockchain advancements. The company is currently facing a class action lawsuit in the Northern District of California, accusing Ripple Labs Inc., CEO Brad Garlinghouse, and subsidiary XRP II, LLC of violating securities laws by selling XRP without necessary registrations. However, Ripple continues to forge strategic partnerships that resonate positively within the crypto community. The company’s determination to push the boundaries of innovation remains unshaken, promising exciting developments in the near future.
Tags: Ripple (XRP)