Today R3, the enterprise blockchain company,
announced the release of an open-source universal payments application on its
Corda Network. The company says the Corda Settler dApp will enable payments through “any of the world’s payment systems”, both conventional and digital currencies. XRP the cryptocurrency
associated with Ripple is the first digital currency to be supported.
Until three months ago, R3 and Ripple were involved in
major litigation which at times was worth up to $18 billion at XRP’s peak price. R3 was to promote Ripple to a consortium of banks but got sidetracked with its own fundraising. At the same time, there was a separate contract wherein R3 received options to buy 5 billion XRPs at 0.85 cents. Ripple canceled the options contract which was at the heart of the dispute, but the case was
settled without disclosing details. Today XRP is
valued at more than 34 cents.
The R3 statement said that Corda Settler would bring “the Corda and XRP ecosystems into closer alignment”.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
