Axelar

Long

Foundation

Ripple’s integration with Axelar Network has garnered praise from Ripple executives, which includes President Monica Long and RippleX SVP Markus Infanger. Notably, the partnership was also lauded by the XRP community, as it aims to enhance the XRPL’s capabilities in the blockchain space. In other words, this collaboration signifies a major stride towards enhancing blockchain interoperability, opening new avenues for cross-chain connectivity and functionality.
<h2 id="ripple-president-other-execs-embraces-axelar-network">Ripple President &amp; Other Execs Embraces Axelar Network</h2>
Monica Long, Ripple’s President, expressed excitement over the integration of Axelar Network with the XRP Ledger (XRPL). She highlighted the manifold benefits of this integration, including facilitating cross-chain <a href="https://coingape.com/glossary/decentralized-applications-dapps/" target="_blank" rel="noopener noreferrer nofollow">decentralized applications (dApps)</a> on the XRPL, providing liquidity for various assets, and expanding XRPL’s features across multiple blockchains.
On the other hand, Markus Infanger, RippleX SVP, echoed Long’s sentiments, emphasizing the significance of Axelar Foundation’s partnership in enriching <a href="https://coingape.com/xrp-news-ripple-and-zoniqx-brings-multi-asset-tokenization-on-xrp-ledger/" target="_blank" rel="noopener noreferrer nofollow">XRPL’s</a> capabilities. Notably, he emphasized the shared vision of Ripple and Axelar in creating a seamlessly interconnected blockchain ecosystem, promoting greater interoperability and connectivity.
Meanwhile, Axelar Foundation’s collaboration with Ripple marks a pivotal moment in advancing blockchain interoperability. Through this partnership, as announced by RippleX in a recent blog <a rel="noopener noreferrer nofollow" href="https://medium.com/ripplexdev/ripple-and-axelar-foundation-partner-to-enhance-xrp-ledgers-interoperability-across-blockchains-f0c2699b1207" target="_blank">post</a>, Axelar aims to extend XRPL’s interoperability to over 55 connected blockchains, leveraging its General Message Passing (GMP) feature for enhanced <a href="https://coingape.com/glossary/defi-decentralized-finance/" target="_blank" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a> capabilities.
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<h2 id="strategic-collaboration-with-axelar-foundation">Strategic Collaboration With Axelar Foundation</h2>
Axelar’s security framework, rooted in permissionless <a href="https://coingape.com/glossary/proof-of-stake-pos-lets-explore-this-blockchain-consensus-mechanism/" target="_blank" rel="noopener noreferrer nofollow">proof-of-stake</a> validation and risk-mitigation layers, ensures secure asset transfers across diverse blockchains. By integrating with XRPL, Axelar enhances cross-chain scalability, fostering innovation and accessibility within the <a href="https://coingape.com/glossary/blockchain/" target="_blank" rel="noopener noreferrer nofollow">blockchain</a> ecosystem.
Meanwhile, Ripple’s Chief Technology Officer, <a href="https://coingape.com/ripple-news-cto-takes-firm-stand-amid-heated-debate-around-xrp-dump/" target="_blank" rel="noopener noreferrer nofollow">David Schwartz</a>, emphasized the transformative potential of enhanced blockchain interoperability, particularly in driving innovation within DeFi. Besides, he lauded Axelar’s market-leading expertise in integrating diverse consensus mechanisms, enabling seamless user experiences across blockchain networks.
Simultaneously, Georgios Vlachos, co-founder of Axelar Network, underscored the significance of connecting XRPL to Axelar’s network, expanding the realm of <a href="https://coingape.com/glossary/web-3-0/" target="_blank" rel="noopener noreferrer nofollow">Web3</a> interoperability. He emphasized Axelar’s commitment to fostering a more interconnected blockchain ecosystem, leveraging Ripple’s XRPL to drive multi-chain innovation.
Meanwhile, the integration of Axelar Network with <a href="https://coingape.com/us-sec-asks-judge-torres-remedies-briefing-deadlines-ripple-case/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s</a> XRPL marks a significant milestone in the evolution of blockchain interoperability. By bridging connections between XRPL and diverse blockchain networks, this collaboration paves the way for enhanced functionality, scalability, and innovation within the blockchain ecosystem.
Also Read: <a href="https://coingape.com/sam-bankman-frieds-defense-counsel-proposes-6-year-sentence-or-less/" target="_blank" rel="noopener noreferrer nofollow">Sam Bankman Fried’s Defense Counsel Proposes 6 Year Sentence or Less</a>
The post <a href="https://coingape.com/ripple-president-hails-landmark-development-xrp-ledger-here-why/" rel="noopener noreferrer nofollow">Ripple President Hails Landmark Development For XRP Ledger, Here’s Why</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Ripple President Hails Landmark Development For XRP Ledger, Here’s Why

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