According to the announcement, the change in the XRP Ledger ecosystem will be large-scale, the network will “increase programmability” and smart contracts will appear that can automatically convert cryptocurrency into the desired digital asset of the recipient.
“There will be an offchain participating who will form a list of borrowers, monitor the fulfillment of obligations or sue with debtors. And the register will be tokenize the right to return funds and distribute payments, ”said the technical director of Ripple David Schwartz.
At the same time, Ripple plans to launch a new credit protocol based on the XRP Ledger. The release is expected in July – September, after the coordination of the network by validators. Schwartz said that the market situation creates favorable conditions for strategic acquisitions.
The top manager explained: Ripple is going to make a series of mergers and acquisitions, which will strengthen the company’s market positions and expand the technological base, attracting additional investors for the further development of the XRP Ledger network.
Previously, Ripple Labs donated the Satosh Steampank-installation of the Bitcoin cryptocurrency and transferred the facility for eternal storage to the Cryptocurrency museum in Nashville.
Source: Bits
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