Ripple, the real-time gross-settlement system and remittance network, and R3, a distributed ledger technology provider, have put their legal disputes behind them and are moving forward with new endeavors.
R3 has launched an application called the Corda Settler that focuses on the settlement of global cryptocurrency payments within enterprise blockchains. The application is launching with the support of XRP as the first globally-recognized cryptocurrency supported by the Corda Settler system.
R3 is proud to announce the release of Corda Settler, an open source CorDapp that allows #Corda users to settle using any payment method. The first payment rail enabled for Corda Settler is the #XRP Ledger. Read the press release here – https://t.co/mxUIXPvG5R pic.twitter.com/NZgrA3BFDk
— R3 (@inside_r3) December 5, 2018
As stated by Richard Gendal Brown, the CTO at R3:
The deployment of the Corda Settler and its support for XRP as the first settlement mechanism is an important…