XRP Supported for R3 Consortium’s New Payment Application10.38

R3, an enterprise blockchain software firm, launched Corda Settler, an application that settles international payments within a corporate network – and it supports XRP.

The open-source application comes as a part of a bigger CorDapp package. It allows participants to issue payment requests and settle them on the Corda network through “crypto-assets” like XRP or any traditional payment protocol that uses cryptographic confirmation for settlement. The Corda Settler also oversees whether requested payment obligations gets executed and updates the Corda ledger if they do – like a blockchain.

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