Ripple Insider Says Smart Contracts Coming to the XRP Ledger


Former lead developer advocate for San Francisco-based payments firm Ripple reveals that key functionality is coming to the XRP Ledger (XRPL).

Ripple Insider Matt Hamilton answer back to a claim made by an anonymous Twitter user that the payment network XRP has no use case.

According to Hamilton, XRP is used daily for international payments, non-fungible tokens (NFTs), and web monetization, among others.

Last month, Ripple announced that its cryptocurrency-based settlement solution, On-Demand Liquidity (ODL), witnessed Massive growth this year and is now being supported in a growing number of payment markets, including Africa, Israel, Australia, Brazil, Argentina, Belgium, Singapore, the United Arab Emirates and the United Kingdom.

Also in November, Ripple CTO David Schwartz said that several NFTs have already been minted on the XRPL.

Hamilton adds that XRPL’s NFT functionality is a critical component for smart contract development.

“Well, most of the necessary features (fungible tokens, NFTs, escrows, multisig, decentralized exchanges) are built in. But yes, smart contracts are under development.”

In October, a blog post from the XRPL developer community hinted that Ripple was already pushing to bring smart contract capabilities to the XRP Ledger.

According to RippleX, blockchain development company Peersyst Technology is testing an Ethereum Virtual Machine (EVM)-compatible sidechain for XRPL. The project aims to allow Ethereum (ETH) developers, who are used to Solidity, the main programming language for writing smart contracts on Ethereum, to access and build on the XRPL network.

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