Ripple Latest Update – Ripple Working on Creating Features that Could Allow Stablecoins to be Created on the XRP Ledger

  • Ripple Set To Create Outstanding Features On XRP Ledger – David Schwartz
  • Stablecoins And Other Asset-Backed Token Creation On XRP Ledger
  • XRP Ledger Feature To Be Unique From Others – Ripple CTO
  • Ripple XRP Price Analysis – XRP Price Could Recover To $0.30 If The Bulls Could Reclaim $0.245 Level

XRP News Now– XRP ledger is set to face some number of changes, including one that could allow the creation of stablecoins by some assets. XRP 2020 – Ripple’s CTO, David Schwartz revealed in a recent interview that they are working on creating a “very exciting” feature to better the XRP ledger in terms of functionality, afterward, the focus will be shifted to expanding XRP’s use cases.

Stablecoins And Other Asset-Backed Token Creation On XRP Ledger

XRP 2020 – in a recent episode of Ripple drop, Shwartz talked on how the XRP Ledger has over the years developed. XRP News Now – He declared that he commenced working on the XRP Ledger towards the end of 2011, since then according to Schwartz, the Ledger has encountered series of changes. In the wee hours of the formation, all they were able to achieve was carry out swift transactions on a decentralized ledger.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.561
-14.54%

XRP News Now – Schwartz and the developing team later understood that “the properties of the algorithms we’d developed allowed us to do things like a decentralized exchange.” Currently, XRP ledger is running a universal payments network worth billions of dollars. Schwartz stated that he had proposed a couple of changes for the XRP Ledger including core consensus improvements.

XRP Ledger Feature To Be Unique From Others – Ripple CTO

XRP 2020 – He noted that though Proof-of-Work (PoW) works perfectly, it is just “a technological dead-end.” This according to Schwartz is because no significant innovation has been done in it. Schwartz has also proposed new features that will allow users to launch Stablecoins on the XRP Ledger. Though he did not mention the specifics of these new features. XRP News Now – Notably, he added that there are similar features like this on other systems, but what will make this stand out is that the “liquidity will be guaranteed by the ledger mechanics.”

XRP Price Forecast 2020 – Ripple XRP Price Forecast 2020

He went thus:

“Stablecoins are the obvious use case, but it’s not just stablecoins. It’s essential assets pegged to some external value.”

XRP Price Analysis – XRP Price Could Recover To $0.30 If The Bulls Could Reclaim $0.245 Level

XRP Price Prediction 2020 – the whole crypto market encountered a severe downturn, and Ripple’s native token was not left out. XRP bears are still in power as the asset loses more value. XRP Prediction 2020 – XRP is currently trading at $0.234495, with 3.88% losses on the 24-hour chart. Nonetheless, prominent crypto analyst Michael claims XRP price has the prospect to recover to $0.30. though he believes it needs to first regain $0.245.

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