XRP rises 25% and debuts in the world of decentralized finance

in #leofinance4 years ago

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Investors can now trade XRP in the decentralized finance environment (DeFi), a space where cryptocurrency has never been present until then. An initiative of the Wanchain project connected the XRP Legder blockchain with the Ethereum network, which allows XRP tokens to be used in liquidity and yield farming pools. Integration will be possible through the Wanchain blockchain, which acts as a decentralized bridge for different networks to communicate with each other. The bridge between XRP Legder and Ethereum is already activated and operational on the main network of both projects. Although most altcoins are in a good phase, the XRP's rise is not without surprises. Ripple faces a complicated process by the United States Securities and Exchange Commission (SEC) that considers XRP as an unregistered security. As soon as the process surfaced in December 2020, the price of the cryptocurrency plummeted, and major U.S. brokers abandoned the project. On the other hand, US court rulings overturned by Ripple, revived investors and the cryptocurrency has grown since then.