Ripple team has recently launched its first fiat InterLedger Protocol (ILP) connector. The protocol is touted to be a giant leap towards traditional financial systems and also bolster crypto adoption.
The team also confirmed that the ILP is not yet connected to RippleNet. It will be available once there is sufficient demand for the product.
Despite volatile crypto market XRP’s technological development is unperturbed and continues to forge ahead in full swing. Ripple has been working earnestly to accelerate adoption, which would help financial institutions around the globe carry out both local and cross-border transactions faster, cheaper, and more comfortably.