The XRP Ledger Foundation Launches To Accelerate XRPL Adoption And Development

Dedicated to securing funds, pressing for the mass adoption of XRP, and its continued application by developers, the XRP Ledger Foundation is rapidly expanding outwards with its ongoing success among mainstream banking.

The XRP Ledger Foundation, a non-profit, announced its official launch on September 24. The Ledger Foundation would be responsible for supporting the development as well as accelerate the adoption of the XRP Ledger across the globe.

The non-profit organization has received multiple grants from several organizations, including the remittance firm, Ripple and content moderation firm, Coil, and the crypto wallet service provider GateHub. The XRP Ledger Foundation also hopes to raise more funds in the near future from other stakeholders of the decentralized space.

The XRP Ledger has grown in popularity within the banking and financial industries, which make use of the ledger for facilitating instant cross-border transactions at a minimal fee.

The XRP Ledger Foundation aims to expand and accelerate the adoption of its dedicated ledger while also improving the underlying technology behind it. Apart from working on the XRP ledger, the foundation would also create a unique node list, support community-based initiatives, and help the developers to strengthen the ecosystem.

The key role of the foundation also includes securing capital for its developers. Wietse Wind, one of the most prominent XRP developers, which is also a member of the Fund's board, suggested that they have already paid developers who would exclusively work for the XRPL.

The foundation would also work to create a dedicated XRP community fund, with the sole purpose would be to bring formal engagement to the community.

The announcements made by the foundation met with great enthusiasm from the community. David Schwarz, Ripple's CTO, commented that Ripple is committed to supporting the growth of XRP ledger, and the foundation would further their goal in enhancing the ecosystem.

David Schwarz said:

“We and the community have worked over the past 8 years to dramatically increase the decentralization, performance, and feature set of the XRP Ledger and remain committed to its future growth and innovation.”

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Rebecca Asseh
Rebecca Asseh
Rebecca Asseh is a blockchain and cryptocurrency journalist fascinated with sharing the knowledge of this technology in the simplest language possible.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,271FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today