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The Ripple native token, XRP, is once again making promising headlines after its listing on CorDapp. This is a universal payment system for R3. The network allows you to update a payment process in a decentralized application hosted in the Blockchain Cord. The DLT platform harmonizes the payment on Criptovalute and other assets in all regions of the world.
About CorDapp
CorDapp is an application for the management of a distributed accounting also called Corda Settler. It is a secure ecosystem that hosts payment services for the transfer of digital resources. The platform has intelligent contracts and system protocols that verify transactions according to established standards and builds blocks that update data on the accounting books Rope.
CorDapp is a hybrid version of a decentralized application. Also known as DApp, these software applications are controlled by multiple users on a Blockchain network with untrusted and sometimes unlicensed protocols. Decentralized applications are designed to avoid a case of failures at a single point because the entire network should support and correct weaknesses. One of the most common features in DApps is the presence of a tokenization mechanism to reward users to keep Blockchain up and running by providing computing power.
Therefore, CorDapp is also a distributed application that can be supported by various devices that peers need to access the Blockchain rope to negotiate XRP payment services.
The provision of XRP on CorDapp will guide the adoption of XRP
Brad Garlinghouse, CEO of Ripple, believes that the usability and attractiveness of XRP depend on the ease of use of convenience in XRP-based transactions such as over-the-counter transactions, online payment services or even cross-border billing services.
CorDapp will allow multiple users to find the importance of using XRP in all types of transactions. In addition, since CorDapp hosts distributed platforms that require agreement on various levels in node building, more DApps will adopt XRP. It would then be the utility token on a more convenient platform and this could increase the number of Blockchain networks supported by Ripple.
R3 promotes the adoption of Blockchain in the industries
R3 is a Blockchain-based company that offers software services. The company's head office is in New York, from where a team of experts co-ordinates a collaboration with over 200 partner companies. The role of the partnership is to facilitate the research and development of the DLT for cases of use of the sector, in particular in the economic and financial sectors.
Richard Gandal Brown, CTO of R3, reveals that the application of the Cordone settler in providing payment services with XRP payment demonstrates that the ecosystem is at the forefront.
XRP is gaining popularity
Some Crypto analysts believe that XRP is the cryptocurrency that is more likely to replace Bitcoin as the largest cryptocurrency after having recently passed Ethereum. A token is currently trading at $ 0.32 and this factor is likely to contribute to greater adoption, especially on the Corda settler.
RippleNet is the most requested distributed network by institutions such as banks that require the adoption of DLT while maintaining a level command. Some of the main institutions with interests in Ripple (XRP) include the Japan Bank Consortium, JP Morgan, Citi Group etc.
