Ripple Gears Up After XRP News: New Deal Arrives!

a year ago

Important Partnership from Ripple

According to the latest blog post published by Ripple, it is evident that they have entered into a partnership with a specialized blockchain technology research company called "SUPER HOW?" This blockchain project is based in Lithuania and will be working on the Axiology project. The main focus of this project is to tokenize securities and set up the infrastructure for it, all of which is designed to be implemented on the XRP Ledger.

Axiology is known as a Decentralized Ledger Technology Trading and Settlement System (DLT TSS) infrastructure for tokenized securities. This infrastructure allows the existing capital market infrastructure to bet applied in multiple layers, enabling two different ecosystems to coexist simultaneously.

Potential Benefits for the XRP Ecosystem

This infrastructure and partnership demonstrate Ripple's dedication to innovation, Ripple emphasizes that they will continue to contribute significantly to the development of blockchain technology. According to Ripple, this partnership is foundational for the advancement of blockchain technology in the financial world, with XRP being one of its side goals. The DLT pilot program will currently be carried out by Ripple and SUPER HOW?, but other companies may join in the future, as stated by Ripple.

The perspective of regulators on such projects is also crucial. As research and development partnerships like this increase, Ripple's position strengthens. Through comprehensive partnerships like this, Ripple maintains control over the innovative aspect of the sector, which may increase the likelihood of monopolization. Governments and major banks closely monitor such developments, increasing the chances of potential partnerships with Ripple.

As of now, the XRP price is trading at 50.73. and it needs to surpass 50.80 for an upward rally. In this case, XRP might be gathering strength before a new rally.

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