Blockchain company Ripple Labs has launched the XRPL Foundation in France, a non-profit organization established to strengthen the XRP Ledger ecosystem. The foundation aims to foster innovation, expand developer participation, attract institutional collaborations, and promote regulatory clarity. Ripple partnered with XRPL Commons, XRPL Labs, and XAO DAO for this initiative, aiming to enhance the scalability and competitiveness of the XRPL ecosystem. The XRPL Foundation plans to prioritize developer engagement and create a robust pipeline of blockchain projects, while Ripple's focus on partnerships is expected to increase the network's use cases. The recent surge in XRP's valuation is attributed to market optimism surrounding a potential resolution to Ripple's ongoing legal challenges with the SEC. The XRPL Foundation aims to support the long-term sustainability of the XRPL network by bridging gaps between blockchain technology and traditional finance, aligning with the broader trends in the blockchain sector.



Other News from Today