Flare

Flare Token

XRP is joining Flare Network, and this update has pushed up the price of FLR. Today, Flare (FLR) is experiencing a bullish surge following the announcement by its co-founder, Hugo Philion, about the integration of XRP onto its network.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Cryptos-Headlines-Token-Airdrop-Is-Live-Claim-Your-Reward-Now-1.png?fit&#61;900%2C200&amp;ssl&#61;1" />As of now, the price of FLR has risen by 7.1% in the last 24 hours, reaching $0.03175. Over the weekend, the price even saw growth of up to 10% as <a href="https://cryptosheadlines.com/xrp-investors-worried-about-plummeting-trading-volume/" rel="noopener noreferrer nofollow">investors considered the impact of XRP</a> on the protocol.<h3 id="integration-of-xrp-on-flare-network-philion-s-determination">Integration of XRP on Flare Network: Philion’s Determination</h3><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines004-4.webp?resize&#61;640%2C426&amp;ssl&#61;1" />FLR 1D Chart. Source: CoinMarketCapDespite their close ties to <a href="https://cryptosheadlines.com/ripple-labs-to-revolutionize-real-estate-industry-through-tokenization/" rel="noopener noreferrer nofollow">Ripple Labs</a>, Flare (FLR) and XRP have lacked unique interoperability methods, a lingering integration issue. However, Hugo Philion and his team are now committed to addressing this challenge.Philion <a href="https://twitter.com/HugoPhilion/status/1756720890861994108" rel="noopener noreferrer nofollow">announced</a> on his official X page that “FXRP will enable XRP to come to Flare and also other ecosystems through LayerCake.” FXRP will function as wrapped XRP on the Flare network, enhancing the protocol’s flexibility for developers. The LayerCake protocol <a href="https://cryptosheadlines.com/fantom-introduces-gas-monetization-program-to-empower-developers/" rel="noopener noreferrer nofollow">empowers Flare developers</a> to create decentralized applications (dApps) that can seamlessly connect users with broader ecosystems, showcasing the innovation of the oracle provider.<a href="https://cryptosheadlines.com/shiba-inu-team-provides-latest-update-on-shibarium-burn-portal/" rel="noopener noreferrer nofollow">Also Read: Shiba Inu Team Provides Latest Update on Shibarium Burn Portal</a>Although Philion did not disclose the exact timeline for integration, the <a href="https://cryptosheadlines.com/shib-community-excited-by-new-platform-update/" rel="noopener noreferrer nofollow">community is already buzzing with excitement</a>. The prospect of FXRP and LayerCake has sparked significant anticipation among users, highlighting the eagerness for enhanced interoperability and versatility within the Flare ecosystem.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Blue-Modern-Profile-Twitter-Header.png?fit&#61;1500%2C500&amp;ssl&#61;1" /><h3 id="strategic-partnership-flare-network-and-xrp">Strategic Partnership: Flare Network and XRP</h3>Flare Network operates as an independent ecosystem within the broader <a href="https://cryptosheadlines.com/sec-chairman-gary-gensler-asserts-we-dont-require-additional-digital-currencies/" rel="noopener noreferrer nofollow">digital currency</a> landscape. However, the recent collaboration with XRP arrives at a strategically significant moment amid the cryptocurrency’s rapid evolution.Following <a href="https://cryptosheadlines.com/sec-denied-request-to-seal-documents-related-to-hinmans-ether-speech-judge-rules-in-ripple-case/" rel="noopener noreferrer nofollow">Judge Analisa Torres’ ruling</a> last July, XRP stands as the sole altcoin officially recognized as a non-security by law. This distinction is particularly noteworthy as the <a href="https://cryptosheadlines.com/bnb-price-plummets-to-a-new-low-amidst-ongoing-sec-legal-battle/" rel="noopener noreferrer nofollow">SEC continues to engage in legal battles</a> that classify many top tokens as investment contracts. Therefore, Flare Network stands to benefit significantly from completing the integration with XRP, providing a valuable hedge amidst <a href="https://cryptosheadlines.com/ripple-ceo-criticizes-secs-gensler-for-regulatory-uncertainty-weaponization/" rel="noopener noreferrer nofollow">regulatory uncertainty</a>.According to Philion, the integration will enable Flare to deliver decentralized data to Hooks-enabled protocols on the XRP Ledger. This functionality promises to enhance interoperability and expand the utility of both Flare Network and XRP within the digital currency ecosystem.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Flare (FLR) Bounces Up 7% After XRP Integration Announcement

Table of Contents

CryptosHeadlines.com

Other articles published on Feb 12, 2024

Bitcoin Climbs to a 2024 Peak Exceeding $49,000

Global Markets Crypto Intelligence Debuts Crypto Price Index

Bitcoin: Will the upcoming halving change BTC’s fortunes?

Ripple’s Potential Strategy: Selling XRP to Non-US VCs to Revitalize XRPL

Russia Surges to Second in Global Bitcoin Mining, Opens Mega Farm in Ethiopia

Bitcoin Price Near 50K; Is It Make it or Break It Point For BTC?

Join our free newsletter for daily crypto updates!