Ripple announced it will expand its XRP Ledger developer kit to global online payment services Stripe and its layer-1 blockchain solution Tempo. The development will help them build AI agents that pay for data, computing, and other online services that use cryptocurrencies and stablecoins. Version 1.1 of the XRPL AI Starter Kit will aid the machine payments protocol, including MPP, and the Open Wallet Standard.
The kit will let software access multiple wallets across blockchains through a common interface. Ajit Kulkarni, a developer from Ripple, explained the entire process in a blog post and stressed that the XRP Ledger will provide first-class options for developers to build their projects for payment services. Moreover, Ripple is aggressively expanding its blockchain services and making it easier for fintech firms to navigate and use the technology.
“Our job is to make XRP and RLUSD first-class options wherever developers are building,” wrote Jazzi Cooper, RippleX head of product. RLUSD is Ripple’s stablecoin that lets clients pay with it, as it’s pegged to the US dollar at a 1:1 ratio. AI agents buying data or computing power need a currency, and the software will use RLUSD. This makes it easier for developers to plug in the payment service for both buyers and sellers to initiate the expenditure.
Also Read: XRP Rises 8.8% In One Day: Can It Hit $2 Next?
Will This Boost XRP’s Price in the Charts?
Ripple’s native token XRP is trading at $1.45 on Monday, with a surge of 3% in the day’s trade. The leading altcoin is gearing up to reach $1.50, a position it fell from in August. However, the ongoing rise has nothing to do with Ripple partnering with Stripe and Tempo. Also, these are two different developments, and Ripple’s partnerships do not lead to a rally for XRP. The leading altcoin is moving in tandem with the broader markets, which is positive, as Crude oil prices fell below $100.
Credit: Source link
