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XRP Ledger Flourishes Amid Legal Uncertainties: New Funding Announced for XRPL Developers”

The post XRP Ledger Flourishes Amid Legal Uncertainties: New Funding Announced for XRPL Developers” appeared first on Coinpedia Fintech News

The XRP Ledger (XRPL) has been making significant strides in the second quarter of 2023 despite ongoing legal concerns stemming from the Ripple vs. SEC lawsuit. Once again, the XRP Ledger is in the spotlight, and there’s good news for all the XRP fans. 

Bill Morgan, the attorney, has said that the XRPL’s growth and development are crucial for XRP’s success. This is a big deal because it means that the XRPL is on a good path despite some legal issues.

Regarding the 2024 XRP Gold Coast Conference, Morgan said that Wave of Innovation, a not-for-profit group, organized this event. However, he made an exciting announcement and revealed that they will give XRPL developers grants. But here’s the cool part: they are not connected to RippleXDev or Ripple. They are free to choose grant recipients based on their criteria, which they’ll share before the conference in March 2024.

Even more interesting is that developers working on XRPL side chains can apply for these grants. This means more people can get support to work on XRPL projects and improve it.

Morgan wrote on X, “Development on the XRPL has a big role in the adoption of #XRP and increase in its value. It is exciting to know that @wave_of_innov, a not-for-profit company and organizer of the 2024 XRP Gold Coast conference, has allowed me the honor of publicly announcing that it will, from today, be a new source of grants to developers on the XRPL.”

XRPL has served as a decentralized payment system for over a decade, facilitating fast, secure, and eco-friendly cross-border and cross-currency transactions. Its features include native-issued currencies, a decentralized exchange (DEX), escrow capabilities, and token management. 

The total number of new addresses on XRPL witnessed a remarkable 31.8% growth, surging to 138,790 compared to the same period in 2022. : Quarterly revenue experienced a substantial increase of 220.3%, reaching $188,376.

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