Ripple has added new integrations for the XRP Ledger (XRPL), two of which have been revealed so far this week. Monica Long, president of Ripple, expressed her enthusiasm and optimism about these developments.
Ripple has added new integrations for the XRP Ledger (XRPL), two of which have been revealed so far this week. Monica Long, president of Ripple, expressed her enthusiasm and optimism about these developments.
In a new tweet, Long revealed great enthusiasm for the upcoming integration of XRP Ledger with the Axelar network, reiterating that the future remains multi-chain.
Ripple’s president is equally excited about the potential of the integration, which would bring additional cross-chain dApps to the XRP Ledger while providing liquidity for stablecoins and other assets and expanding XRPL’s functionalities to over 50 more blockchains.
According to a new announcement, Ripple and the Axelar Foundation are partnering to bring greater interoperability to the XRP Ledger (XRPL) across various blockchain networks.
This collaboration aims to drive a more interconnected blockchain ecosystem, providing developers with new integration and application development opportunities. The Axelar network will be a complementary resource for XRPL, increasing its utility and reach.
The integration of the Axelar network with XRPL aims to strengthen the XRPL DeFi ecosystem by providing crucial liquidity for stablecoins and large-cap assets. Developers will also be able to take advantage of XRPL’s built-in features, including the native DEX and upcoming AMM.
Additionally, the Axelar network will help in the implementation of cross-chain dApps directly on XRPL. Beyond the standard asset bridge, Axelar provides General Message Passing (GMP), a capability that extends the functionality of XRPL by allowing developers to execute function calls in smart contracts on more than 55 connected blockchains. The XRPL-Axelar integration is scheduled to roll out in May.
Earlier this week, Zoniqx (formerly Tassets) announced a partnership with Ripple. The collaboration aims to simplify the process of tokenizing real-world assets on XRPL, allowing native (XRP) and issued tokens to represent assets on-chain.
