in

Ripple FTW: XRP Use Cases To Explode Following DeFi Integration | CryptoGazette

Ripple Plans To Expand Institutional XRP Liquidity In Asia | CryptoGazette


Ripple and XRP have been seeing massive successes lately, starting with an important SEC victory and finishing with amazing partnerships.

Just the other day, we were revealing that the Wanchain team announced that now “XRP token holders can put their XRP to work and engage with the world’s many DeFi applications.”

Wanchain is a blockchain interoperability platform. Since “Wan” means “ten thousand” in Chinese, the brand name “Wanchain” translates to “ten thousand blockchains”.

As the online publication CryptoGlobe notes, this makes sense when you consider that the goal of Wanchain is to connect “the world’s many isolated blockchains.”

XRP holders can now “securely use their XRP to farm, mine and provide liquidity rather than simply leaving their tokens, inactive, in wallets and exchanges.”

At the moment of writing this article, XRP is trading in the green, and the coin is priced at $1.92. 

This comes after various achievements that Ripple saw: a new victory against the SEC and various bullish XRP predictions. 

XRP to see more use cases

It’s been just reported that XRP could soon witness a burst in new use cases in the growing DeFi space.

Wanchain’s (WAN) CEO and founder Jack Lu says XRP tokens will soon be available for DeFi integration through the blockchain interoperability platform.

“I’m so happy to announce that Wanchain’s decentralized cross-chain bridges for XRP are about to go live on mainnet. This means that XRP tokens can now be used for liquidity mining and yield farming.”

The whole crypto market is exploding these days with interest in BTC and the digital assets growing like there’s no tomorrow.





Source link

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Loading…

0

What do you think?

CoinMarketCap founding member buys $230,000 watch with Bitcoin

Filecoin price prediction: Filecoin consolidates around 50 percent Fib level, prepares to move higher