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Xpring Announces the BRD launch of Blockset with XRP

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Ripple‘s native technology has worked with the intention of improving cross border transactions as well as the remittance market. This has led to a plethora of updates and developments launched by users to improve the market.

According to new reports, Ripple’s Xpring has upped the ante on its investment in BRD, one of the oldest and most popular cryptocurrency wallets in the industry.

Xpring was first launched in October, sparking the way for newer updates on the Ripple network. The BRD investment was also part of this very concept of building a better network and propagating a new method of transactions.

Recently the organization revealed that they had launched Blockset, a blockchain data integration platform offering a suite of tools for developers to build applications across multiple using simple APIs. This was done to ensure that customers can utilize the full power of the blockchain as well as the ODL. According to the official released by Xpring:

“As part of the launch, Blockset includes support for XRP, which will help enable more developers with access to the XRP Ledger as they build their applications.”

Blockset has revealed that they use XRP libraries maintained by Xpring. This was decided to reduce the complexity of integration with the XRP library. Blockset works as a backend-as-a-service for blockchain It is designed to help blockchain explorers, wallets and data aggregators. The company has claimed that they try to channelize the input data into a straightforward schema.

Blockset not just works with XRP but also Litecoin, Bitcoin and Bitcoin Cash nodes. One of the main features ingrained with Blockset is that they define the hierarchy of data and transformations from the native blockchains into its own standardized format. The Xpring team revealed that they have used the BRD wallet for a long time now and have even tested out the ever-present features.

The BRD team on their end has tried to integrate into as many applications as possible. BRD now has over 2.5 million users across 170 countries with an evergrowing customer base. Reports have said that the wallet has seen massive increases in Monthly Active Users as well as transaction volume.

BRD recently revealed that the application had over 3 million users supporting XRP on the enterprise expansion. BRDHQ continued to reaffirm its policy to democratize access to and use of digital assets for consumers and businesses.

Ripple’s Xpring acquires Strata Labs to boost ILP network

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Ripple has made it clear that cross border transactions will be the norm in the financial industry, and the company has made it clear that it will be followed by all its partners too. The Brad Garlinghouse led company has also created several products such as XRP, xRapid, xVia that have utilized this mantra and have, in turn, reaped significant benefits.

One of Ripple’s latest development has been Xpring, which has initiated a movement in the cross-border transactions department aimed to bolster capital movement. The investment arm of Ripple also recently announced that they had acquired Strata Labs, a small startup that uses the application to make progressive steps on the Interledger Protocol [ILP] network.

The company’s founders Austin King and Dino Rodriguez had decided to dedicate their time to building Interledger Protocol infrastructure through Strata Labs, which mainly oriented towards creating real utility at the intersection of fintech and cryptocurrencies. Xpring’s official blog had stated:

“ …we are excited to announce today that we are acquiring Strata Labs and officially welcoming Austin and Dino to the Xpring team where they will be based in our San Francisco office. Similar to the ethos here at Xpring, Strata is keenly focused on open-source projects and scalability. As we continued our collaboration on ILP, we realized the resources Strata developed around node operations and scalability were clearly tools that the entire ecosystem should benefit from and have access to.”

The partnership will also allow open-source Strata proprietary code to enable developers to work on their own projects on the ILP network. A recent report said:

“This demonstrates yet another way that Xpring, the open platform for money, is providing developers with the tools, services and programs to make it easier to build on the XRP Ledger and leverage ILP to realize the internet of value.”

Ripple’s technologies have been built with such an intent that it assists not just the cryptocurrency platform but also the mainstream financial world. These developments were also expected to bring about changes in the price and volume of Ripple’s native cryptocurrency XRP. However, at the moment, the token still stands in the third position on the cryptocurrency charts.

At press time, Ripple’s XRP stands at $0.29 with a total market cap of $12.866 billion. The token also boasts a 24-hour market volume of 1.46 billion USD after a weekly rise of 2.03 percent in terms of value.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Ripple’s Xpring Invests in Equilibrium Connect to Enhance Interledger

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Ripple has been seriously focusing on the Interledger protocol project. The vision of taking the technology to the next level through providing swift cross-border services, Ripple so far has been the winner in all regards.

A new network supported by Ripple is aiming to improve the Interledger protocol (ILP). Ripple’s famous brand, Xpring, has invested in Equilibrium Connect. The core objective of this Ripple backed start-up is to create an open-source dev tool for the Interledger system and improve the protocol.

The ideology of this project is to build up a standardized interface for the payment providers, and ILP is a significant aspect to fulfill this objective. This is another step forward by Ripple that will add much variety to the current payment system.

Ripple basically assembled equilibrium Connect to support the Interledger protocol development and enhance the entire system through creating new ways. The ways that would provide an easy and reliable platform for the developers to integrate ILP into their practical apps.

The initial objectives of Equilibrium Connect are to build up an ILP connector that would be open source and will support Bitcoin, Ethereum, and XRP, initially. Through this, these digital currencies will be able to connect with each other to make transactions with having a separate identity.

Secondly, they would provide a web service consisting of a simple API that would allow different applications to connect with each other through the ILP network. In result, this will enable the payments to be made between the systems rapidly. Moreover, Equilibrium Connect will design and place a very reliable onboarding experience for the users across the ILP network.

Back in 2015, two members from Ripple started their work on the ILP project. Initially, the protocol was created by Stefan Thomas and Evan Schwartz, who were the senior members of Ripple Labs. The objective of the creation of this protocol was that users could send money through the internet just as they send information in no time.

Ripple’s Xpring is heavily focused on this project and want the Interledger system to function as soon as possible. The SVP of Xpring, Ethan Beard, said:

“We’re aggressively building out our tools to build on Interledger.”

The ILP connector will entertain BTC, ETH, and XRP at the first stage but Ripple focuses on spreading the network across fiat currencies as well. The founder of Equilibrium Connect mentioned that they are concentrating on creating a regulatory compliant that adds support for more and more coins.

Their focus is to spread the network across the globe with an easy to use interface that provides users with secure payment service.

Those financial firms and banks which are already in partnership with Ripple have an edge because as soon as the ILP connector goes live, it will start functioning across those firms. Ripple officials predicted that at the beginning of next year, ILP would begin operating at its best.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Ripple (XRP)’s xPring could make all the difference in the crypto market

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Ripple’s xPring

Ripple said its Xpring initiative has committed $500 million to support more than 20 companies as the San Francisco-based company seek to expand uses for XRP cryptocurrency.

Ripple was born as a blockchain project with a mission. The purpose was (and it’s still is) to use blockchain technology and cryptocurrencies (especially Ripple’s XRP) to settle international payments in a cheaper, faster, more reliable way than the current standard. The current standard is called SWIFT, and it’s still using technology from the ’70s. Ripple’s purpose is to change that.

In May 2018, Ripple brought forward an initiative called Xpring (pronounced spring). It’s the company’s initiative to create a business incubator for new Ripple projects. It supports independent developers to create and deploy new technologies on Ripple’s blockchain. That allows for innovative projects to create new infrastructures and new ways to make blockchain technology useful and achieve mainstream adoption.

The Ripple Net is comprised of more than 200 of the world’s most influential financial institutions (traditional banks and fintechs). And a new one joins every week on average. It also supports research at universities all around the world so that blockchain technology helps the world in terms of philanthropy and commercial utility.

Ripple has a good reputation, power, and that enables it to promote research and to secure strategic partnerships when it comes to blockchain technology and Ripple’s XRP cryptocurrency.

Ethan Beard serves as Ripple’s senior vice president. He’s building a developer’s platform by offering resources (tools, libraries, and developing services) so that everybody can realize that,

“blockchain’s potential to transform industries through new business models.”

Mr. Beard joined the Ripple team last year. The point was for him to help the launch of xPring, which is something he knows how to do very well. He used to be on Facebook, as the company’s director developer. He oversaw developing relationships, operations, and product marketing for Facebook’s API.

Ripple is hunting high and low to find the correct projects to back up.

In the blockchain industry, as in any other one,  investors get confused. They can’t tell the difference between a “science project” and a business project. That doesn’t happen in Ripple, because Xpring is there.

In Mr. Beard’s own words,

“We’re eager to back scientists and science projects.”

That speaks about Ripple’s vision for the future. But Ripple remains a practical project which aims to solve practical problems. Namely, the issue of international transfers. And it’s doing it very well.

Pay attention to the projects supported by xPring. They could make all the difference in the cryptocurrency market.

As we write this, XRP is trading at USD 0.3159. It remains the third-largest cryptocurrency by market capitalizations even when it’s lost 3.36% against Bitcoin in the last 24 hours.

Ripple’s XRP was the best performing currency in 2017 and 2018. Which means it was the best when times were worse and also when times were best. XRP is a coin for all seasons, which is why you should hold some. Just keep an eye out for rXRP, and you won’t regret it. It has a use case that most cryptocurrencies lack. And it’s delivering.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.