The major XRP monitoring investors have more reason to have fun as a planned range of features aimed at making the XRP ledger, the network that supports that token, though more appealing for institution use.
XRP prices reached 2.2% in the past 24 hours, exceeding a 1.1% decline in Bitcoin following the death of Tuesday market.
Ripple said to a update on Tuesday The XRP Ledger Network will develop more compliance and expanded lending operations, among other features, to let institutions meet regulatory requirements and offer new lending options.
This includes flexible tokens, a lending system, an EVM sidechain, and permitted settings that occur directly on the decentralized network (without any mediators).
The updates are in addition to the live features on the network, including clawback – a feature that allows the giver to obtain tokens tied to illicit activity – in decentralized identity applications.
The flexible tokens are digital items that represent anything – such as bonds or collectibs – and have extra details to make them more benefit. A new lending tool will allow companies to borrow and lend directly to the XRP ledger without the need for banks or excess steps. It is designed to be safe and follow the rules.
Permissions settings can let companies set policies about who can use certain features, keeping things private and secure – helping to respond to legal standards and protect sensitive financial activity.
Additionally, the release of an XRPL EVM Sidechain, which is set for a Mainnet launch in the second quarter of 2025, is expected to attract more network developers.
This development aims to include developers from the EVM ecosystem in the XRPL framework by enabling support for protocols that are not produced with existing XRPL infrastructure. The XRP will be the main token used to pay for transacting on this network – including all financial applications.
The Ethereum Virtual Machine (EVM) is a decentralized computing engine that conducts smart contracts with the Ethereum blockchain, which activates programmables, automatic transactions.
