Flare CEO Announces Passive Income Option for XRP Holders

The blockchain firm Flare introduces a new earning mechanism, aiming to provide ongoing rewards for those holding Ripple’s XRP cryptocurrency.

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Summary

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Terms & Concepts
  • Passive income in crypto: Earning ongoing rewards or returns from holding or staking cryptocurrencies without active daily trading.
  • XRP: A digital asset created by Ripple for fast and cost-efficient cross-border payment solutions.
  • Flare: A blockchain platform designed to enable smart contracts and decentralized applications for cryptocurrencies lacking native support.