Xpring plans to work with Ethereum

Ripple's investment arm, Xpring, and its software developer platform that allows them to work with encrypted payments, has introduced itself as a sponsor of the ETH Denver hackathon – one of the largest ETH conferences and hackathons in the United States.

Warren Paul Anderson of Ripple and Xpring posted a blog post to explain what is behind this sponsorship.

Curious what @Ripple was doing at @EthereumDenver? Hint: #XRP? #ETH https://t.co/le86x2VNDH

– Xpring (@XpringDev) February 21, 2020

Creation of gateways between XRPL and ETH

The blog post reminds the community that Xpring is an open platform and that it creates everything that is open source – software, standards, protocols, etc. The team also likes to cooperate with those who share the same or similar values.

According to this article, more than 40 computer engineers at Xpring devote their time to creating free software.

Would you like to read the article? It is this way.

Xpring also believes that interoperability is vital for the development of the future blockchain world and for the widespread adoption of DLT (Distributed Ledger Technology) and digital assets. They also say that developers should be free to choose the tools they use to work on their projects.

Anderson reminds readers that Ethereum recently set itself the ambitious goal of increasing its community to 1 million developers worldwide. Xpring believes that this number of software developers should work not only on Ethereum, but also on all platforms of the production chain.

Interoperability is crucial here, writes Anderson, so that developers can pool their efforts, as well as their resources, and build on blockchains easily and at high speed.

The XRP bridge to ETH

Finally, Anderson mentions that it is important for Ripple to build a bridge between XRP and ETH, as well as among all the pieces based on ERC20 – Ripple wants to have a compute layer to support smart contracts for DeFi based on Ethereum.

XRP community supports this initiative

Ripple's technical director, David Schwartz, retweeted the blog post, adding that bridges are much better than walls.

XRP start-up investor and fan Eric Dadoun called “maximalist crypto” anyone who doesn't agree with Xpring on the issue of interoperability of blockchains.