The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

R3 Launches New App Powering Global Payments in XRP After Ending Legal Battle With Ripple

by Daily Hodl Staff
December 5, 2018
in Altcoins

After ending a lengthy legal battle with Ripple, the blockchain software company R3 says it’s launching a new app that uses XRP to power global payments for traditional and blockchain-based enterprises.

R3 CTO Richard Gendal Brown says the app, called Corda Settler, is designed to merge a wide variety of crypto and traditional assets in the long run.

“The deployment of the Corda Settler and its support for XRP as the first settlement mechanism is an important step in showing how the powerful ecosystems cultivated by two of the of the world’s most influential crypto and blockchain communities can work together.

While the Settler will be open to all forms of crypto and traditional assets, this demonstration with XRP is the next logical step in showing how widespread acceptance and use of digital assets to transfer value and make payments can be achieved.”

The blockchain-based app uses the Corda network to settle transactions between various assets on a distributed ledger, and is designed to offer instant settlements that can be verified in real-time.

“When a payment obligation arises on Corda during the course of business, one party now has the option to request settlement using XRP. The other party can be notified that settlement in XRP has been requested and that they must instruct a payment to the required address before the specified deadline.

Once an oracle service validates the payment has been made then both parties can treat the obligation as settled.”

R3 is working with more than 200 companies to develop its open-source blockchain platform, which is designed to execute financial agreements on a global scale.

According to R3, its platform is “already being used in industries from financial services to healthcare, shipping, insurance and more.”

Ripple and R3 Consortium settled their longstanding legal dispute in September of this year.

R3 sued Ripple Labs in late 2017, accusing Ripple of violating a purchase agreement. The agreement allegedly allowed R3 to buy 5 billion XRP from Ripple at a cost of $0.0085 per token before the end of 2019. The disputed amount has skyrocketed since then, with XRP trading around $0.34, at time of writing.

The exact terms of the settlement are confidential.

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • R0AR’s $1R0R Token Roars onto MEXC Exchange, Expanding DeFi Accessibility
    July 1, 2025
  • $70 Million Committed to Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust
    July 1, 2025
  • Limitless Raise $4 Million Strategic Funding, Launch Points Ahead of TGE
    July 1, 2025
  • Block3 Unveils Prompt-to-Game AI Engine As Presale Launches
    July 1, 2025
  • Hyra Network Honored As ‘Technology Startup of the Year’ at the 2025 Globee® Awards
    June 30, 2025
  • Shheikh.io Launches SHHEIKH Token Presale for Blockchain-Backed Real-World Asset Investments
    June 30, 2025
  • Pi Network Unveils AI-Powered App Studio and Ecosystem Staking Features on Pi2Day 2025
    June 30, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$105,710.32
$105,710.32
1.6%
Ethereum
$2,413.16
$2,413.16
3.26%
BNB
$647.44
$647.44
1.74%
Solana
$147.95
$147.95
3.97%
XRP
$2.17
$2.17
2.6%

Spotlight

  • Crypto Analyst Unveils ‘Biggest Area’ of Accumulation for Bitcoin, Says BTC Going Much Higher in Coming Years
    June 24, 2025
  • Bank of America, Netflix and Apple Customers Targeted by Widescale Google Search Scams: Report
    June 24, 2025
  • Here’s When the ‘Real Altseason’ Will Begin, According to Closely Followed Crypto Analyst
    June 24, 2025
  • Real Estate Mogul Grant Cardone Announces 1,000 Bitcoin Purchase for New BTC Treasury
    June 24, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl