RATE Group | R3 announces the launch of Corda Settler, XRP the first cryptocurrency to be supported
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R3 announces the launch of Corda Settler, XRP the first cryptocurrency to be supported

05 Dec R3 announces the launch of Corda Settler, XRP the first cryptocurrency to be supported

Posted at 16:53h in Cryptocurrency News by

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R3 launches Corda Settle

One of the leading providers of distributed ledger technology (DLT), R3 announced on Tuesday the launch of Universal Settler Application to Facilitate global payments on Corda. The application is aimed to facilitate global cryptocurrency payments within enterprise blockchains and it’s starting with none other than XRP.  This news was made public by the blockchain company in a blog on Wednesday.

The blog adds that the new Corda Settler, an application purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world’s payment systems, both traditional and blockchain-based. Ripple’s XRP is the first recognized cryptocurrency to be supported by the Settler and this will mark the start of a close association between R3 and Ripple, who were previously locked in a bitter legal dispute.

Speaking about the decision to support Ripple,…

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