{"id":107553,"date":"2019-11-06T00:15:56","date_gmt":"2019-11-05T18:45:56","guid":{"rendered":"http:\/\/ambcrypto.com\/?p=107553"},"modified":"2025-05-20T12:08:41","modified_gmt":"2025-05-20T06:38:41","slug":"ripples-xpring-invests-in-flare-networks-to-improve-xrp-use-case","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/ripples-xpring-invests-in-flare-networks-to-improve-xrp-use-case\/","title":{"rendered":"Ripple’s Xpring invests in Flare Networks to improve XRP use case"},"content":{"rendered":"

Ripple’s Xpring announced<\/a> investment in Flare Networks in an ongoing effort to support new use cases for XRP. The official release read,<\/p>\n

“We are proud to today announce our latest investment in smart contracts with Flare Networks, the first-ever Turing Complete Federated Byzantine Agreement (FBA) protocol”<\/p><\/blockquote>\n

The announcement also highlighted that the Flare Network integrates the Ethereum Virtual Machine, which enables public and\/or private networks to leverage smart contracts. Like the XRP Ledger (XRPL), Flare doesn\u2019t require potentially unscalable economic incentives to guarantee network safety. The announcement further stated,<\/p>\n

“Flare\u2019s native token will be an algorithmic stablecoin created in part by burning XRP, and payments for a contract can be made and received in XRP via Interledger, which will be integrated with Flare.”<\/p><\/blockquote>\n

In regards with XRP’s use cases,\u00a0Flare will use the XRP address and encryption system to provide XRP users with a virtually seamless way of interacting with smart contracts on the Flare Network. Xpring believes that users and developers would like to leverage XRP in more use cases, and the Flare Network will enable this capability for more companies and developers eager to leverage XRPL for their needs.<\/p>\n

Flare Network is currently in the testing phase with early partners including Securitize, Singularity, BuenoBit, Neuhanse Network and many more to be announced.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple’s Xpring announced investment in Flare Networks in an ongoing effort to support new use cases for XRP. The official release read, “We are proud to today announce our latest investment in smart contracts with Flare Networks, the first-ever Turing Complete Federated Byzantine Agreement (FBA) protocol” The announcement also highlighted that the Flare Network integratesContinue reading “Ripple’s Xpring invests in Flare Networks to improve XRP use case”<\/span><\/a><\/p>\n","protected":false},"author":29,"featured_media":107556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,3,55,20],"tags":[],"class_list":["post-107553","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-news","category-xrp-ripple-news","category-trading-view"],"acf":[],"yoast_head":"\nRipple's Xpring invests in Flare Networks to improve XRP use case - AMBCrypto<\/title>\n<meta name=\"description\" content=\""Flare\u2019s native token will be an algorithmic stablecoin created in part by burning XRP, and payments for a contract can be made and received in XRP via Interledger, which will be integrated with Flare."\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/ripples-xpring-invests-in-flare-networks-to-improve-xrp-use-case\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple's Xpring invests in Flare Networks to improve XRP use case - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Ripple's Xpring announced investment in Flare Networks in an ongoing effort to support new use cases for XRP. The official release read, "We are proud to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/ripples-xpring-invests-in-flare-networks-to-improve-xrp-use-case\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-05T18:45:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-20T06:38:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2019\/11\/pieces-of-the-puzzle-592798_1280-e1572979338795.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Arijit Sarkar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Arijit Sarkar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ripples-xpring-invests-in-flare-networks-to-improve-xrp-use-case\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ripples-xpring-invests-in-flare-networks-to-improve-xrp-use-case\\\/\"},\"author\":{\"name\":\"Arijit Sarkar\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/5e8f2ec4954e63f80c6d94a7b0ef9b4a\"},\"headline\":\"Ripple’s Xpring invests in Flare Networks to improve XRP use case\",\"datePublished\":\"2019-11-05T18:45:56+00:00\",\"dateModified\":\"2025-05-20T06:38:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ripples-xpring-invests-in-flare-networks-to-improve-xrp-use-case\\\/\"},\"wordCount\":231,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ripples-xpring-invests-in-flare-networks-to-improve-xrp-use-case\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/pieces-of-the-puzzle-592798_1280-e1572979338795.jpg\",\"articleSection\":[\"Altcoin\",\"News 1\",\"Ripple\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/ripples-xpring-invests-in-flare-networks-to-improve-xrp-use-case\\\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ripples-xpring-invests-in-flare-networks-to-improve-xrp-use-case\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/ripples-xpring-invests-in-flare-networks-to-improve-xrp-use-case\\\/\",\"name\":\"Ripple's Xpring invests in Flare Networks to improve XRP use case - 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