Ripple President Hails UK Asset Managers’ Move On-Chain as Win for XRP

Leaders at the blockchain firm view the migration of funds by major British institutions as a key milestone for the ecosystem.

XRP

Summary

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Terms & Concepts
  • On-Chain: Transactions or activities that are directly recorded and verified on a blockchain network, offering transparency and immutability.
  • XRP: A digital asset built for payments, often associated with Ripple Labs, designed to facilitate fast and low-cost cross-border transactions.
  • Asset Managers: Financial institutions or individuals responsible for managing investment portfolios and funds on behalf of clients.