“Flare’s native token will be an algorithmic stablecoin created in part by burning XRP, and payments for a contract can be made and received in XRP via Interledger, which will be integrated with Flare.
Flare will also use the XRP address and encryption system to provide XRP users with a virtually seamless way of interacting with smart contracts on the Flare Network.”
Ripple noted that the investment would give developers the ability to utilize the XRP Ledger in new ways and further the company’s stated mission of bringing the adoption of XRP beyond the world of payments.
Philion says Flare will “set out” their plans for the XRP integration in the next quarter.
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