- Flare Networks Partnered with Ripple to Create a Bridge Between Ripple and Ethereum Through the XRP Ledger
- Cryptocurrency Exchange eToro Has Taken Interest in Flare Networks, Will this be the Game Changer for XRP?
Ripple News Today – Less than two weeks ago, Smartereum.com published a post about Flare Networks interest in making the XRP Ledger capable of deploying smart contracts by creating a bridge between Ethereum and the Ripple blockchain. Even if the members of the XRP development team claimed that making the XRP Ledger smart contract compatible would have made it a less efficient remittance service option, Flare Networks has found away to get the smart contract benefits without compromising on the remittance feature of the blockchain. Now, the cryptocurrency exchange, eToro, has developed an interest in Flare Networks and the company’s work with the XRP Ledger.
Ripple News Today – eToro Shows Interest in Flare Networks and the XRP Ledger
In a recent press release, eToro noted that their large community of XRP holders are happy with the current work with Flare Networks and will continue to support improvements on the XRP ecosystem. The exchange noted that they are currently in talks with both Flare Networks and Ripple as the Spark token airdrop draws nearer. Keep in mind that Spark is the native token of the Flare Networks blockchain. All XRP holders are all waiting to reactive Flare tokens during the airdrop. XRP holders will receive Flare tokens based on the tokens in their wallets. In the next few weeks, eToro will share details about how the airdrop will go down and how participants can avoid losing their tokens.
XRP (XRP) Price Today – XRP / USD
Ripple has attracted many partners over the years but most of these partnerships haven’t truly involved the use of the XRP token. By making the XRP Ledger smart contract compatible, this partnership with Flare Networks might be what will change the game for XRP. Yesterday, Flare Networks announced that their network snapshot will take place on the 12th of December 2020. The date wasn’t chosen randomly. It is the 194th birthday of the company’s founder, Martha Coston. However, they didn’t say anything about when the actual airdrop will take place.
XRP could use a win since the token is currently struggling against the USD. At the time of writing, the price of the XRP token was $0.237876. This means that it is up by 1.14% against the USD and up by 1.47% against Bitcoin BTC. The trading volume over a 24 hour period was $1,717,120,306 and the market capitalization was $10,707,084,404. The token needs to gain more bullish momentum if it is to avoid falling below the $0.2000 Level. Ripple’s CEO, Brad Garlinghouse, is confident that this partnership with Flare Networks will be beneficial for Ripple. In his recent address, he said that the Flare Networks project might be what Ripple needs.