Ripple CTO Addresses XRP Trust Relationships: Details
Main Idea
Ripple CTO David Schwartz discusses the potential for institutional adoption of XRP Ledger and highlights the benefits of the Interledger Protocol (ILP) for facilitating payments.
Key Points
1. Ripple CTO David Schwartz supports the Interledger Protocol (ILP), describing it as a significant advancement for payment systems.
2. Trust lines on XRP Ledger require a 0.2 XRP reserve each and allow issuers to facilitate transactions.
3. ILP is an open-source protocol designed to connect various payment providers for international payments.
4. XRPL or ILP can be used to facilitate discovery, quoting, payment atomicity, and accounting in transactions.
Description
Ripple CTO hints at next phase of institutional adoption on XRP Ledger
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