Tag: Ripple

Ripple CTO urges AMM integration into XRP Ledger

Ripple chief technology officer David Schwartz advocates for integrating an automated market maker (AMM) feature with the XRP Ledger (XRPL) to enable the creation of decentralized exchanges (DEXs) on the XRPL.  Schwartz described AMMs as a fascinating aspect of decentralized finance in a post on social media. However, implementing this feature should only proceed with the consensus of the XRPL community, he explained. The XRPL operates as a decentralized blockchain network, facilitating efficient and secure transactions for the XRP cryptocurrency. Unlike conventional systems, XRPL employs the Ripple Protocol Consensus Algorithm…

Ripple CTO seeks community consensus for XRPL AMM feature adoption

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Ripple chief technical officer (CTO), David Schwartz has advocated for XRP Ledger (XRPL) validators to support the automated market maker (AMM) feature, but only if there is consensus within the community. On X (formerly known as Twitter), Ripple’s CTO initiated a discussion on the XRPL’s AMM feature. In his initial post, Schwartz referred to AMMs as the intriguing decentralized finance (DeFi) innovation gaining attention, sparking queries for more details. The XRP Ledger is a decentralized blockchain-based ledger that powers the XRP cryptocurrency. known for its speed and scalability, making it…

When Are AMMs Coming To XRP Ledger? Ripple CTO Gives Clear Answer

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Following the announcement that the AMM functionality would be proposed as an amendment under the latest rippled version, many in the XRP community have continued to wonder how soon it could be implemented if passed. As a result, Ripple’s Chief Technology Officer (CTO) David Schwartz has provided some answers to the community to quench speculations. How Soon The AMM Implementation Could Happen   In response to a tweet asking how soon the AMM will go live on the ledger after voting, Schwartz stated that it should be enabled on the XRP…

Ripple CTO Defends Clawback Feature On The XRPL

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Ripple’s Chief Technology Officer (CTO), David Schwartz, has always been quick to come to the defense of the crypto firm and its technology. This time, he has defended Ripple developers implementing a newly proposed ‘Clawback’ feature on the XRP Ledger (XRPL).  Why The Clawback Feature Is Necessary In a tweet shared on his X (formerly Twitter) platform, Schwartz mentioned that while initially having reservations about the feature as he felt it was “redundant,” he later realized its importance as it differed from the existing freeze feature.  The “clawback” amendment is…

Ripple Scores 3 Major Wins That Could Drive XRP Price To $1

Certain events have been touted as being able to impact the XRP price significantly. Some of these events already seem to be happening, raising the hopes of the XRP community that the token could indeed hit $1 before the year runs out.  Ripple Expands To Singapore In a statement released on October 3, Ripple announced that its subsidiary had secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). This announcement comes four months after the company received its in-principle approval from the regulator.  Following this…

Lawyers debate over Ripple case after rejection of SEC’s motion for appeal

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Crypto lawyers are seemingly divided over the significance of a recent court order from Judge Analisa Torres, which denied the United States Securities and Exchange Commission’s (SEC) plan to file an interlocutory appeal against Ripple. While many lawyers and commentators chalked the decision up as a substantive win for Ripple in its case against the regulator, other legal experts have urged the public to temper their enthusiasm. Judge Torres’ denied the SEC’s interlocutory appeal based on the grounds of her previous ruling which sided partially in favor of Ripple. She…

Ripple gets formal approval for Singapore payments license

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Ripple said it has received the full-fledged license to operate as a major payments institution from Singapore’s central bank, allowing it to continue operations in the country after receiving in-principle approval in June. In an Oct. 4 statement, the company said its local entity, Ripple Markets APAC Pte Ltd, was granted the full license by the Monetary Authority of Singapore (MAS). Incredibly proud of team @Ripple – just 4(!) months after we received our in-principle approval from @MAS_sg, we’ve now secured the full Major Payment Institution license for digital payment token…