XRP Surges 25% In Last 24 hours—What’s Going On?
XRP (CRYPTO: XRP) surged 25% after Ripple outlined a growing set of “institutional DeFi” building blocks on the XRP Ledger designed to make the network viable for regulated financial activity, positioning XRP as a settlement and bridge asset.
The Institutional DeFi Blueprint
Ripple outlined how XRP Ledger will attract banks and financial institutions by solving their biggest concerns: verifying who’s using the network, enabling private transactions, and offering lending facilities.
Here’s what’s already working: the ledger can verify user identities before letting them trade, process multiple transactions at once, and create different types of tokens.
Coming soon are lending markets and private transfers that hide transaction details from public view. This matters because banks won’t use public blockchains where anyone can participate anonymously.
XRPL built identity verification directly into the system from the start, rather than adding it later like Ethereum …
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