R3 Launches Corda Settler; Selects Ripple’s XRP as Its First Supported Cryptocurrency
So, What Does the Platform Do?
The platform is designed to allow financial obligations raised on the Corda blockchain to be made through virtually any of the world’s global payment systems, whether they’re blockchain-based or not. Ripple’s XRP will also be the first globally recognized cryptocurrency supported by the app over competing currencies bitcoin and Ethereum.
R3 chief technology officer Richard Gendal Brown explains:
The deployment of the Corda Settler and its support for XRP as the first settlement mechanism is an important step in showing how the powerful ecosystems cultivated by two of the world’s most influential crypto and blockchain communities can work together. While the Settler will be open to all forms of crypto and traditional assets, this demonstration with XRP is the new logical…
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