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Wrapped XRP on Ethereum may provide the asset with a much needed boost
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ambcrypto.comFor the last couple of months XRP has been mostly in the headlines due to the ongoing Ripple vs Securities and Exchange Commission (SEC) lawsuit. This might have distracted people from paying attention to the network developments being pushed out on Ripple. The most recent update might actually play out in favor of XRP and actually, save it.
Wrapped recently made the announcement that they will now be providing support for Wrapped XRP (wXRP) on the Ethereum blockchain starting December. Not so surprisingly, it hit the right notes with the market and investors alike.
The token which will be backed 1:1 by XRP can be used throughout Ethereum’s DeFi ecosystem. This step will not only benefit XRP’s adoption and expansion but also make Ethereum a
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