Cross-border payments company Ripple announced that it will add smart contracts to its XRP Ledger (XRPL) developer ecosystem.
Ripple announced that the move will open up a variety of use cases for users, builders, and entrepreneurs. It aims to attract developers to utilize the scalability capabilities of XRPL. According to Ripple, the smart contract feature will be deployed “in the coming months” on the XRPL Ethereum Virtual Machine (EVM) chain .
Additionally, Ripple said smart contracts will also be available on the XRPL mainnet. However, the cross-border payments company said it is still in the research phase and did not provide a specific time frame for implementation.
Collaborate with DeFi developers
Smart contracts are self-executing contracts stored on the blockchain. They execute automatically when specific conditions are met. Smart contracts are programs that process transactions and agreements without the need for an intermediary.
Smart contracts have many potential use cases and applications, from decentralized finance (DeFi) to supply chain . They are being used to develop decentralized applications (DApps) on popular blockchain platforms such as Ethereum, BNB Chain, Avalanche, and Solana.
Ripple said it is “looking forward” to collaborating with DeFi developers and wants community members to provide input on design details. The organization has invited programmers familiar with the EVM language to explore the possibilities on its sidechain.
Ripple also said the sidechain was created for developers using Ethereum-based smart contracts. This provides a familiar environment for deploying DApps, allowing them to use Solidity, a programming language used to build smart contracts on Ethereum.
Bringing EVM Compatibility to XRP
According to Ripple, smart contracts will join the XRPL ecosystem through a sidechain they developed with blockchain company Peersyst. The company believes that this new development will help the blockchain attract more developers. Ripple wrote:
This chain will bring Ethereum Virtual Machine (EVM) compatibility to the XRP community, allowing developers to use familiar tools and programming languages, thus expanding the appeal of the XRP Ledger to the global developer community.
The company also added that the momentum for increasing XRPL programmability will continue to accelerate in 2025 as the organization continues to achieve its goal of adding smart contracts to the mainnet.
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