Exciting News: Ripple to Introduce Native Smart Contracts on XRP Ledger by 2025
September is a month of organization, goal-setting, and future planning for many, including Ripple. The company recently made significant announcements on Twitter regarding both its current activities and its future plans.
Ripple’s Expansion into Smart Contracts on XRP Ledger
Ripple has revealed its intention to launch new native smart contracts on the XRP Ledger Mainnet by 2025. These smart contracts will be compatible with Ethereum standards, marking a significant development for the XRP ecosystem.
- Ripple and the XRP community are committed to enhancing the programmability of the XRPL dev ecosystem by introducing smart contracts on the XRPL EVM sidechain.
- The company aims to explore the native capabilities of the XRP Ledger Mainnet to provide additional customization options for developers and users.
- This initiative is expected to accelerate innovation and attract new developers to leverage the full potential of the XRP Ledger.
Advancements in Programmability on XRP Ledger
Ripple’s plan to expand programmability on the XRP Ledger involves two key developments:
- The introduction of native smart contract capabilities on the XRP Ledger Mainnet.
- The launch of the XRPL EVM Sidechain in the near future.
These advancements will work in tandem to create a versatile ecosystem capable of supporting a wide range of applications and use cases.
Ripple’s Vision for 2025
Ripple’s ambitious plans for 2025 are made possible by recent developments, including:
- The resolution of its legal battle with the SEC, freeing the company from regulatory constraints.
- The impending launch of the new stablecoin RLUSD, pegged to the US dollar.
- Collaborations with partners like Futurverse in the AI and Metaverse sectors.
Impact on XRP Price
Ripple’s progress and future offerings have the potential to positively impact the price of XRP:
- Despite the current bear market trend, XRP is priced at $0.55.
- Ripple’s victory over the SEC led to a 20% increase in XRP’s price, reaching $0.63 in August.
- The announcement of RLUSD and other collaborations have also fueled positive sentiment among investors.
Hot Take: Ripple’s Future Looks Bright
With the introduction of native smart contracts on the XRP Ledger and the company’s newfound freedom to innovate, Ripple is poised for significant growth and success in the coming years. Keep an eye on Ripple as it continues to make waves in the crypto world!
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