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XPR Ledger to Add Smart Contracts as Ripple’s Xpring Invests in Flare Networks

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XRP ledger to add blockchain contractsXpring acquires Strata Labs

Xpring, the Ripple’s arm dealing with investments, spreads the word that it has chosen another promising company for investing. Being interested in the sphere of decentralized finance, Xpring looks for a good opportunity to implement smart contracts into the XRP ledger.

Flare Networks, the company that Xpring has recently invested in, is going to help with that.

XRP ledger to add blockchain contracts

As the blog post by Ripple-invested Coil specifies, Flare Networks is a Turing Complete Federated Byzantine Agreement (FBA) protocol. The startup uses the Ethereum Virtual Machine, thus enabling any private or public networks to utilize smart contracts.

The Xrping’s investments will be also used to enable…

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