Band Protocol Goes Live On XRPL Mainnet, Empowering Business-Centric Innovation
In Brief
Band Protocol has integrated with the XRP Ledger Mainnet, offering advanced oracle solutions to builders, businesses, and innovators on XRPL to support the development of critical projects.
Cross-chain data oracle platform, Band Protocol announced its integration with the XRP Ledger (XRPL) Mainnet, a decentralized public blockchain designed for enterprise use. This collaboration aims to provide developers, businesses, and innovators on XRPL with advanced oracle solutions to support the creation of critical projects.
Through this integration, XRPL developers now have access to decentralized price feeds for assets such as XRP-USD, BTC-USD, and ETH-USD. These real-time and secure data feeds enable a wide range of applications, including automated trading platforms and dynamic business solutions that rely on accurate data for decision-making.
Band Protocol’s oracle infrastructure is built to deliver tamper-proof and reliable data, ensuring the trust and dependability necessary for mission-critical applications. By supporting tokenized assets, global payment systems, and enterprise solutions, Band Protocol enhances XRPL applications, enabling them to achieve greater scalability and innovation while maintaining high performance.
The XRP Ledger is recognized for its reliability, low transaction costs, and environmental sustainability, making it a trusted platform for businesses seeking blockchain-based solutions. Band Protocol’s integration complements these attributes by enabling developers to access accurate and secure real-world data. This collaboration empowers enterprises to automate complex financial processes, develop scalable decentralized finance platforms with real-time pricing, and create innovative applications such as dynamic non-fungible tokens (NFTs) and tokenized asset management solutions.
By combining Band Protocol’s secure oracle capabilities with XRPL’s robust blockchain infrastructure, this partnership empowers enterprises to unlock new opportunities in blockchain innovation and scalability.
Band Protocol Becomes The First Oracle Provider To Integrate With XRPL
This integration represents a notable step forward in advancing blockchain adoption within global businesses. By merging the XRP Ledger’s enterprise-grade infrastructure with Band Protocol’s secure and decentralized oracle technology, the collaboration aims to drive broader enterprise adoption, expand the availability of critical data for new business applications, and provide access to a wider array of reliable data feeds.
Building on its initial announcement in December last year, where Band Protocol became the first oracle provider for XRPL, this development solidifies the partnership further. At the time, Band Protocol became the primary oracle provider for both the XRPL mainnet and its EVM-compatible sidechain, establishing a foundation for enhanced data reliability and strengthening the infrastructure for the XRPL developer and business community.
This latest integration takes the partnership’s shared vision a step further by equipping the XRPL ecosystem with the real-time data feeds capable of meeting the requirements of enterprise-grade decentralized applications (dApps).
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
