The post Ripple Promotes Vision to Leverage XRP Blockchain for Global DeFi Expansion appeared on BitcoinEthereumNews.com.

Ripple is now more focused on integrating advanced XRP Ledger features into its business to deliver secure and compliant decentralized finance solutions to customers globally. David Schwartz, Ripple CTO, confirmed this in a recent post on X following the company’s latest publication. In the report, Ripple stressed its overarching ambition to emerge as the foremost digital asset infrastructure solution provider for the financial services industry. As you’ll see in our latest blog post, Ripple is focusing on how to integrate more of the XRP Ledger’s technically and financially sophisticated features directly into our business—bringing the benefits of DeFi to our customers globally in a secure and compliant fashion. https://t.co/QLsXe2nlJN — David “JoelKatz” Schwartz (@JoelKatz) July 19, 2024 Ripple’s report highlighted the demand for digital asset infrastructure in the financial industry. Founded on the belief that blockchain would be the global monetary infrastructure, Ripple has evolved to address the growing demand over ten years.  Initially, the crypto industry lacked the liquidity, trust, regulation, and instruction to enable businesses to integrate blockchain solutions. To provide some context, when Ripple launched in 2012 targeting institutions, Bitcoin was under $20, Ethereum had not yet been launched, and the cryptocurrency market was relatively small, with only a few exchanges operating and handling a mere few million dollars in annual trading volume. However, a decade later, the industry has made significant progress. It now sees trillions of dollars in monthly volume. Moreover, crypto ETFs, tokenized funds, and increasing adoption by financial institutions are now present.  Yet, institutions still need trusted digital asset infrastructure to integrate blockchain into their businesses. Ripple is working to address this by assembling the core components enterprises need to incorporate blockchain into their business. These components include custody solution, on/off-ramps, liquidity, and compliance. XRP Ledger At the Core of Ripple’s Focus The…

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Filed under: News - @ July 20, 2024 8:30 am