Market news, analysis & forecast powered by

Preview Mode

FM Home
> CryptoCurrency
> News
> Allbridge Successfully Integrates Support for XRP Ledger

Allbridge Successfully Integrates Support for XRP Ledger

Friday, 15/04/2022 | 05:55 GMT by Bilal Jafar
  • The integration brings DeFi to XRPL.
  • During Q2 of 2022, Allbridge aims to bring several unique assets to the XRP Ledger.
xrp

Allbridge, a prominent cross-chain bridge, announced today that it has successfully integrated support for the XRP Ledger (XRPL), one of the leading decentralized public blockchains built for payments. The company has added XRPL as the 14th chain.

Allbridge initially announced the integration of XRPL in January this year. Amid the growing adoption of the digital asset and DeFi ecosystem, the company has processed approximately $5.8 billion in transactions to date. Allbridge noted that the latest integration will allow the firm to link the XRP Ledger with several EVM and non-EVM compatible chains, including Solana, Terra and BNB Chain.

“Allbridge became the first bridge to connect XRP Ledger with the expansive DeFi ecosystem. The integration with XRPL allowed us to deeply enhance our cross-chain expertise and offer a truly unique solution to the market. Our end goal is to establish an interconnected cross-chain environment”, said Andriy Velykyy, the Co-Founder and CEO of Allbridge.

In March 2022, Ripple announced its plan to accelerate the development of XRPL and committed 1 billion XRP for the initiative.

XRP Ledger’s Adoption

Throughout the last year, the total number of transactions on XRPL increased substantially. XRPL’s rising adoption across financial firms in Asia has played an important role in the recent surge in transactions. In March 2021, Ripple announced its plan to support central banks through a private version of XRPL.

Allbridge’s latest integration will bring DeFi to the XRP Ledger. “Leveraging the XRPL’s native decentralized exchange (DEX) will also allow for the trading of leading stable coins and DeFi tokens directly on XRP Ledger,” Ripple noted in the announcement.

“Throughout Q2 2022, Allbridge plans to bring many unique assets to the XRP Ledger, starting with SOLO, a token of the Sologenic ecosystem. Ripple provided Allbridge with technical support to integrate the XRP Ledger through its deep blockchain expertise,” the blockchain firm added.

Allbridge, a prominent cross-chain bridge, announced today that it has successfully integrated support for the XRP Ledger (XRPL), one of the leading decentralized public blockchains built for payments. The company has added XRPL as the 14th chain.

Allbridge initially announced the integration of XRPL in January this year. Amid the growing adoption of the digital asset and DeFi ecosystem, the company has processed approximately $5.8 billion in transactions to date. Allbridge noted that the latest integration will allow the firm to link the XRP Ledger with several EVM and non-EVM compatible chains, including Solana, Terra and BNB Chain.

“Allbridge became the first bridge to connect XRP Ledger with the expansive DeFi ecosystem. The integration with XRPL allowed us to deeply enhance our cross-chain expertise and offer a truly unique solution to the market. Our end goal is to establish an interconnected cross-chain environment”, said Andriy Velykyy, the Co-Founder and CEO of Allbridge.

In March 2022, Ripple announced its plan to accelerate the development of XRPL and committed 1 billion XRP for the initiative.

XRP Ledger’s Adoption

Throughout the last year, the total number of transactions on XRPL increased substantially. XRPL’s rising adoption across financial firms in Asia has played an important role in the recent surge in transactions. In March 2021, Ripple announced its plan to support central banks through a private version of XRPL.

Allbridge’s latest integration will bring DeFi to the XRP Ledger. “Leveraging the XRPL’s native decentralized exchange (DEX) will also allow for the trading of leading stable coins and DeFi tokens directly on XRP Ledger,” Ripple noted in the announcement.

“Throughout Q2 2022, Allbridge plans to bring many unique assets to the XRP Ledger, starting with SOLO, a token of the Sologenic ecosystem. Ripple provided Allbridge with technical support to integrate the XRP Ledger through its deep blockchain expertise,” the blockchain firm added.

Topics
Ripple
xrp. ledger
XRP
About the Author: Bilal Jafar
Bilal Jafar
  • 2440 Articles
  • 83 Followers
About the Author: Bilal Jafar
Bilal Jafar holds an MBA in Finance. In a professional career of more than 8 years, Jafar covered the evolution of FX, Cryptocurrencies, and Fintech. He started his career as a financial markets analyst and worked in different positions in the global media sector. Jafar writes about diverse topics within FX, Crypto, and the financial technology market.
  • 2440 Articles
  • 83 Followers

Most Viewed

Latest News

Education Center

Keep Reading

Trending

More from the Author

CryptoCurrency

Featured Videos

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"
More Videos

  • FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

  • Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

  • Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights

    Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights

    Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights

    Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights

    Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights

    Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights

    🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner! An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus! Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz #FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity

    🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner! An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus! Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz #FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity

    🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner! An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus! Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz #FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity

    🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner! An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus! Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz #FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity

    🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner! An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus! Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz #FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity

    🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner! An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus! Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz #FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity

  • FMLS:24 | Shaping the Next Era of Financial Evolution

    FMLS:24 | Shaping the Next Era of Financial Evolution

    FMLS:24 | Shaping the Next Era of Financial Evolution

    FMLS:24 | Shaping the Next Era of Financial Evolution

    FMLS:24 | Shaping the Next Era of Financial Evolution

    FMLS:24 | Shaping the Next Era of Financial Evolution

    Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients. Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights. 👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo #fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients. Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights. 👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo #fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients. Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights. 👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo #fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients. Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights. 👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo #fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients. Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights. 👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo #fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients. Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights. 👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo #fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
See all videos
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}