Ripple Expands into DeFi with Innovative Lending Protocol on XRPLedger

Ripple‘s cryptocurrency, XRP, shows signs of recovery as its price climbs back above $0.50 after a recent low. In a significant development for Ripple’s DeFi aspirations, developers Aanchal Malhotre and Vito Tumas put forward a Native Lending Protocol on the XRPLedger. This initiative aspires to broaden Ripple’s DeFi capabilities, enabling direct lending and borrowing of digital assets on the platform. The XRPLedger’s capabilities could entice developers to craft Decentralized Lending Applications (DApps), expanding Ripple’s ecosystem to encompass a variety of applications. Ripple’s foray into DeFi is poised to boost the currency’s adoption and open up new opportunities for participants in its network. 

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