XRP Gains Attention with Ripple’s New Institutional Roadmap for XRP Ledger
What to know:
- Ripple recently announced new features for the XRP Ledger aimed at enhancing compliance and lending capabilities.
- The upgrades complement existing features such as the clawback mechanism for addressing illicit activity.
Fundamental investors monitoring XRP can expect positive changes as Ripple plans to enhance the XRP Ledger, making it more appealing for institutional use. The XRP prices have seen an increase of 2.2% over the past 24 hours, in contrast to a 1.1% decrease in Bitcoin amidst recent market fluctuations.
According to Ripple, the enriched features include additional compliance functions, a new lending framework, and an EVM sidechain to support direct institutional operations without intermediaries.
The innovative features include flexibility for various digital asset types, a new lending system allowing direct transactions on the XRP Ledger, and permission settings to enhance privacy and security, thereby meeting legal and regulatory expectations.
Furthermore, the forthcoming launch of the XRPL EVM sidechain is anticipated to attract developers from the EVM ecosystem, enabling the use of protocols not currently feasible within the existing framework. XRP will serve as the primary transaction token within this updated environment, facilitating all financial activities related to it.
