Ripple Planning to Follow in Ethereum’s steps by Implementing Multiple Upgrades to XRP Ledger

Ripple has reiterated its commitment to expanding its reach beyond the cryptocurrency ecosystem. To achieve global dominance, the firm aims to increase its acquisitions and implement multiple upgrades to the $XRP ledger blockchain. Speaking to a publication in New York, David Schwartz, the Chief Technology Officer at Ripple, is quoted as saying; “Our M&A people are very busy. We have multiple potential acquisitions in various different stages, from early stages to late stages.” Ripple looks to expand dominance through multiple acquisitions Remarkably, Ripple acquired Hidden Road, an institutional-grade prime brokerage and credit network catering to traditional and digital assets, earlier this year. The $1.25 billion purchase was announced shortly after Ripple acquired Metaco for $250.00 million—a move that drew attention in the crypto market and further solidified the company’s commitment to global expansion. Ripple also purchased the digital asset custodian Standard Custody. Although the acquisition price remains undisclosed, a spokesperson reportedly told the publication in New York that Ripple is “actively seeking companies to purchase.” Affirming this revelation, Ripple’s CTO disclosed that although traditional firms appear to be closed off to Ripple’s attempt at proposing its stablecoin $RLUSD and its native token $XRP as a promising asset built to validate cross-border payments in the broader finance firm, leading crypto firms stand a chance at acquiring firms “that create strategic value, like the Hidden Road acquisition.” He further disclosed that despite Ripple “aggressively looking for those opportunities,” Wall Street is still not fully sold. “They’re not competing to acquire the companies that could give them a leg up in these spaces.” He added. Ripple to follow in Ethereum’s path, by integrating multiple upgrades to XRPL In a bid to bring flexibility to the $XRP ledger, Ripple appears to be following in Ethereum’s path, as it plans to integrate multiple “Ethereum-like” upgrades to the XRPL blockchain. Speaking to this effect, Schwartz told the publication that although programmability is in the works, it may take longer to fully implement. “We like the fact that we have a niche where we have things like concentrated liquidity. But what we’re looking at is, can we get some of the benefits of programmability without the downsides?” He explained. The CTO further disclosed that features like smart contracts and tokenized interests could be introduced to the network, with the latter acting as a merger between TradFi and the DeFi ecosystem.