A year ago, it was announced that Ripple had entered into an agreement with Amazon Web Services to use the Ripple’s blockchain platform to power its AWS Blockchain Workbench. The next month, Ripple CEO Brad Garlinghouse announced that Amazon had decided to migrate its global payments infrastructure to blockchain-based technology.

Ripple CTO Says Amazon Would Definitely Wants To Use Federated Sidechains Of XRP Ledger

word-image-3704 The chief technology officer (CTO) of US cross-border blockchain payment service provider Ripple, David Schwartz, says in a statement that US multinational tech company Amazon definitely plans to make use of the federated sidechains of the XRP Ledger, Ripple’s global payment network. In an interview with Thinking Crypto, the CTO said that a large e-commerce company certainly has the infrastructure in place to make this possible. Here’s what he explained: Amazon can certainly… you know, they certainly have the infrastructure to do that. What we need to do is make software that is sufficiently clean and organized….. It could be very competitive then. word-image-3705 The XRP Ledger architect talked about the platform and said that the bottom line of the discussion is that it is very easy to build on this platform. The comments from Ripple’s CTO come a month after he suggested adding federated sidechains. The real purpose of these federated sidechains is that they can be used to implement smart contracts, and this will also not affect the security of the XRP ledger. Unveiling the futuristic plans, the CTO said the biggest example of its use could be the Decentralized Financial Market (DeFi). He clearly stated that this is not part of their agenda and that it is not a matter for Ripple. He stated that it is up to the community to decide whether or not to add this new feature to the XRP ledger. In addition, he said, people need multiple payments around the world. Speaking about the importance of the indigenous digital currency XRP, he said the seventh cryptocurrency can be used for liquidity purposes if people need it even if the world’s leading digital currency bitcoin manages to take over in the future.

xrp vs bitcoinripple xrp newsxrp ripple newshow much is xrp right now,People also search for,Privacy settings,How Search works,xrp vs bitcoin,ripple xrp news,xrp ripple news,how much is xrp right now

You May Also Like

After a brief rise, we might see Bitcoin at lower levels soon

The price of Bitcoin has been on a gradual decline since the…

Bitcoin price prediction: Bitcoin continues to set higher lows, ready to break $40,000?

Bitcoin price prediction: Bitcoin continues to set higher lows, ready to break…

Blockbuster Earnings on Wall Street

We can’t get over this one: For the first time in a…

Solana (SOL) consumes less energy than two Google searches, report claims

A new study by a global research firm claims that Solana (SOL)…