DeFi
Ripple CTO reveals next big steps
Big news for the XRP community! David Schwartz, CTO of Ripple and co-founder of XRP Ledger, is set to take the stage at Consensus2024, a major crypto event hosted by CoinDesk. Schwartz guest the community to join him as he reveals Ripple’s latest strategic plans.
A key topic of Consensus2024 will be decentralized institutional finance (DeFi). Discussions will focus on multi-chain interoperability, EVM programmability, and real-world asset (RWA) tokenization. These topics highlight Ripple’s efforts to improve the XRP Ledger and expand its use.
Could this be the game changer XRP holders have been waiting for?
Ripple’s future plans
Schwartz said that during his speech, he will unveil Ripple’s vision and roadmap for institutional DeFi in the market. XRP Ledger alongside Phil Kwok, co-founder of the EasyA application.
Understanding Institutional DeFi
Simply put, Institutional DeFi is the next generation of decentralized finance for financial institutions. It combines the stability and regulatory compliance of traditional finance with the efficiency and transparency of blockchain. JP Morgan’s analysis of its greater potential highlights its importance to the financial sector.
Schwartz’s XRP holdings
On top of all this, Schwartz also shared details about his crypto holdings, revealing that he once held around 26 million XRP. He emphasized his commitment to XRP, noting that he has never sold XRP to buy other cryptocurrencies.
Amélie, a well-known figure in the crypto community, expressed her excitement on social media about Schwartz’s upcoming speech at Consensus2024. She believes that Ripple’s move into institutional DeFi could be a major innovation for the sector, bringing new growth opportunities.
The crypto community is eager to see what institutional DeFi could bring as Ripple continues to innovate in blockchain technology.
Excitement within the XRP community is high: could this be a turning point for Ripple in the DeFi market? All eyes are on Consensus2024.
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