#BinanceTurns8 Ripple has partnered with Wormhole!
✅What does this partnership mean?
In the past, it could only operate within itself.
Now Ethereum will be able to send and receive data and tokens with networks like Solana. The person who will serve as the bridge to provide this system will be the wormhole friends.
◽️So why is this important?
I will explain it item by item for you to understand better.
→ Ripple has been a project working with banks and institutions for a long time.
→ These institutions are those that want to transfer real-world assets such as homes, cars, and stocks, namely RWA, to the blockchain.
→ Ripple was providing this infrastructure to these institutions but only on the XRP network.
→ With this partnership with Wormhol, these assets will also be able to go to other networks.
◽️Result:
• The expansion of RWA through Wormhole continues.
• The fact that XRP has become a structure that can move across different chains,
• Ripple will no longer be limited to its own network and will be able to work with other chains, thus providing better service to institutional clients.
In summary: In short, Ripple was already an operational system, and now thanks to Wormhole, it will be able to work with other chains as well. This makes it easier to use real-world assets on the blockchain and facilitates easier steps for RWA.