The post Ripple CTO Reveals Rare 2013 XRP Ledger Use: Details appeared on BitcoinEthereumNews.com.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. In a fascinating throwback, Ripple CTO David Schwartz shared a unique use case of XRP Ledger (XRPL) from 2013, providing a glimpse into its early days. In response to a tweet by X user Zach Rector, who highlighted the potential for tokenized metals on XRPL, Schwartz revealed a personal experience from 2013, showcasing the ledger’s versatility even in its early years. XRP Ledger first launched in June 2012, however, development work commenced in 2011. Rector posted about tokenized metals on XRPL, which are fully redeemable, and asked if any other blockchain does this yet. This prompted Schwartz to share his story of redeeming physical silver through XRP Ledger. I redeemed silver dimes on XRPL in 2013. I keep them close by for luck. — David “JoelKatz” Schwartz (@JoelKatz) December 21, 2024 The Ripple CTO stated how he redeemed silver dimes on XRPL in 2013, explaining the process in response to another X user: “A guy has a huge bunch of silver dimes. So he created a gateway. You send him dimes and he gives you a DYM balance on the ledger. I bought DYM for XRP and redeemed it for a roll of silver dimes.” Related This early demonstration of tokenization on XRPL highlights the platform’s potential to bridge digital and physical assets. While tokenization is now…

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Filed under: News - @ December 21, 2024 2:28 pm