#ripplebacked

Ripple-backed Flare Announces Litecoin Airdrop

Ripple’s late 2020 rise was due partly to a massive airdrop of Flare (FLR) tokens. Now, the smart contract solution is adding support for Litecoin (LTC). An FLR airdrop to Litecoin users is in the works. XRP wallets included in the December snapshot will receive a Flare tokens (worth a huge amount of money, potentially). Now, in a Jan. 8, 2020 tweet, Flare says that they will “reduce” the number…

Ripple-backed Project Set to distribute 45 billion tokens to XRP holders

XRP holders would be anticipating the arrival of the year 2021 following an announcement made by Ripple-backed project Flare that it would make next year meritorious for XPR with airdrops of its toke. Flare would give out over 45 billion Spark tokens to XRP holders come the first half of 2021, a report has said. Flare Network was launched in August 2020, has it has since then been making…

Ripple-Backed PayID Adds Multiple Features

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The Open Payments Coalition has announced that its universal payment ID network PayID now supports end-to-end encryption messaging, cloud computing and a sandbox for developers, according to a press release.

With members such as Ripple, BitGo, Blockchain.com, Huobi and over 40 other global companies and nonprofits, the coalition’s PayID aims to simplify transactions around the globe by…

Ripple-Backed Startup Proposing Major Changes to XRP Ledger – Here’s What They Will Do

Ripple-backed development studio, XRPL Labs, is currently in the process of developing code that will offer flexible ways to add business logic to transactions on the XRP Ledger.

XRPL Labs developers are calling the potential amendment “Hooks.” The code, which will be open source in the future, would allow logic to be executed before and/or after XRP Ledger transactions.

The startup states,

“Th…

The fintech startup Dharma is launching a new system that allows Twitter users to accept payments in US dollars.

The peer-to-peer platform touts its solution as a way for people on Twitter to receive tips and micropayments easily and without fees. In addition, Dharma says money stored in its wallet earns an APR of 3.6%.

“Introducing social payments – a Twitter-native financial ecosystem. Today,…

Ripple-Backed MoneyGram Proposes a Solution to Coinbase’s Founder

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MoneyGram, the money transfer service provider that received $50 million from Ripple, is offering Brian Armstrong, the CEO of Coinbase, a promo code to try their service.

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Brian, who heads the multi-billion, for profit cryptocurrency exchange which happens to be one of the oldest and popular in the United States, has not replied.

And it is highly to respond because it…

Ripple-backed XRPL Labs exec announces shutting down of XRParrot

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XRParrot, a platform developed to enable users to convert fiat into XRP at low fees and without the need for an exchange, announced the shutting down of its service. XRParrot’s official tweet read,

XRPCommunity: it’s been great 😃 However, due to new regulations in The Netherlands (The home of XRParrot) the XRParrot service comes to an end. Accidental or automatic transfers to XRParrot…