XRP Agency adopts: Ripple CEO shares the final key to bringing it home

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Ripple’s dedication and institutional penetration to XRP Ledger has been at the forefront of the discussion in the cryptocurrency industry. There has been a lot of debate recently about whether Ripple will use XRP Ledger instead of Swift, which handles trillions of dollars in transactions each year. However, it seems that Ripple is still far from the dream as its CEO highlights some key details that remain in place until it is properly landed on the agency.

Preparation of XRP ledger

In the X (formerly Twitter) post, the XRP validator by VET_X0 reveals what they had to do with Ripple CEO Brad Garlinghouse. According to the veterinarian, they asked what the agency adoption path was at Garlinghouse XRP Ledger, and the CEO simply replied that it was privacy.

Basically, for institutional investors who make large transactions to use public ledgers, they want to ensure privacy of the transaction. This will make it easy for them to trade without worrying about every step they will be followed.

In view of this, experts explain that all the actions Ripple has been doing with XRP Ledger ultimately makes sense. First, the fact is that there are many developments around compliance with ledgers. Expected start from decentralized identifiers (DIDs) and credentials and expected authorization for decentralized exchanges and domains.

Another giveaway is Ripple launching a multi-function token (MPT) on XRP Ledger. This is another step in its dominant token asset space, which can be easily and seamlessly tokenized on the XRP ledger.

The last step in agency adoption

With the changes listed above already in place, only privacy and loans and lending are still to be implemented. The veterinarian explained that these are already on the way, especially the XLS-66 is expected to land soon.

VET explained that if Ripple is able to implement the privacy of XRP Ledger using ZK-Rollups, it will help verify the agency’s transaction chain while allowing the calculation to be done elsewhere. They can also get secure credentials on the chain to help KYC/AML regulations while using DEXES and borrowing from other institutions using real-world link chains.

Finally, validators also pointed out that the XLS-101 smart contract on XRP Ledger may be the key to doing so. “To get the security of the network and as glue to all the fixed functional tools we have,” he said.

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