Fintech firm Ripple has been working on its cross-border payments platform, adding new updates to the XRP ledger. Unfortunately for investors, it has done very little to buoy token prices, which remain bearish.
According to a company blog post, the latest version (1.5.0) of the XRP ledger was introduced last week, adding several improvements and new features.
The upgrade introduces the following:
- support for the gRPC API
- API versioning and RPC methods
- better delivery methods
- streamlined handshaking protocol to improve efficiency
The Xpring team will also update its own XRP Ledger Mainnet servers, including clusters and validators, to version 1.5.0. Additionally, a beta version of 1.6.0 has also been released for early access to developers.
The Xpring developer platform was launched over a year ago to support what Ripple calls “the internet of value” – a vision in which global banks and financial institutes use its platform for cross-border transactions.
Unfortunately for investors and the “XRP Army” of loyal supporters, the upgrades have had little effect on XRP prices, which have remained bearish.
Since then, it has recovered a little but is still bearish, hovering at $0.185 – a price level not seen since before the big crypto surge in 2017.
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