Ripple And Stellar Adoption: More Support For XRP And XLM
The mainstream adoption of digital assets has been an essential goal in the crypto space this year. There have also been made a lot of effort in this direction, and such a huge push is taking the industry on the right path.
Despite the huge volatility in the crypto market, the projects behind the coins continued their developments and progress, and the overall interest in crypto is still on the rise.
More real-world use cases for digital assets have also been uncovered throughout the year, and more institutional money is expected to pour into the crypto market as well.
Boosting adoption for XLM and XRP
It’s been just revealed that the software as a service company Quantoz said that it’s now supporting Ripple’s XRP and Stellar Lumens (XLM).
The blockchain tech company said that the digital assets are supported on the latest version of its protocol called Nexus.
It’s also important to mention the fact that this is designed to help companies manage crypto assets and integrate public and private blockchain infrastructures into their businesses.
According to Quantoz, “You can manage tokens like digital currencies and assets without technical knowledge of digital wallets, crypto trading or handling.”
They continue and explain that “NEXUS supports multiple crypto and fiat currencies, enabling worldwide exploitation and diverse business models. The NEXUS platform has been successfully implemented in different settings, including Broker, Merchant, Custodian, Trading, and Stable Coin issuing.”
It’s also worth mentioning that Nexus also supports Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
XRP and XLM in the crypto market
Regarding priced for these digital assets, the whole crypto market is trading in the red, and these coins are not exceptions.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.