Ripple said it wants to build a payment bridge between XRP and Ethereum (ETH).
The company has launched a series of tasks at ETH Denver. The goal is to reward coders that can combine two cryptocurrencies using the Interledger Protocol (ILP). ILP provides companies with an easy way to exchange fiat in crypto.
Xpring Ripple, said the company expects a crypto wave to rise that will lift all crypto boats. This scenario requires creating an effective and easy way to share. And especially those largest in terms of market capitalization, cryptocurrencies. It will be worth the energy expended, as the result will pay off with interest.
“We believe that developers need to be given a choice on how to solve problems. This is one of the reasons why compatibility is so important for crypto and blockchain technologies. This is necessary to gain widespread acceptance and dissemination.
We believe that the bridge between XRP and ETH tokens (ERC-20) is important. Ripple XRP is one of the most liquid cryptocurrencies in the world. However, while it does not have support for complex smart contracts. And this is important for the growing decentralized finance (DeFi) market. on Ethereum. “
Xpring says it plans to work with a growing number of blockchain and crypto communities in the future.
Xpring has allocated XRP in the amount of $ 500,000,000 to companies that use blockchain. Thus, this is a testament to the desire to expand the implementation of XRP and the industry as a whole.