💦Ripple to update XRP Ledger “similar to Ethereum”

Ripple ( $XRP ) specialists will add new programmable features to the XRP Ledger (XRPL). This was announced by David Schwartz, CTO of Ripple, in an interview with DL News.

The update, which is planned to be Ethereum-inspired, includes the launch of smart contracts to manage payments and the introduction of a new lending protocol.

According to Schwartz, the goal is to ensure XRPL is programmable while minimizing the risks associated with it. The team doesn't aim to achieve the same flexibility as Ethereum, but wants to expand XRPL's functionality. For example, smart contracts will allow for the automatic conversion of funds received into the user's preferred asset.

The lending protocol, scheduled to launch in the third quarter, will be hybrid. An agent outside the blockchain will supervise borrowers and handle debt collection, while XRPL will tokenize a percentage of repayments and distribute payments.

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