Ripple has unveiled an exciting new development called Crossmark for XRP holders
Using proven crypto and blockchain technology honed over a decade, Ripple’s enterprise-grade solutions are faster, more transparent, and more cost-effective than traditional financial services. RippleX, the developer arm of blockchain company Ripple, has unveiled an exciting new development for XRP holders. Crossmark, a web wallet developed by Crossmark in collaboration with Ripple, offers many features similar to Ethereum’s popular MetaMask wallet.
With Crossmark, the developers aim to revolutionize how users interact with the XRP Ledger, providing better accessibility and streamlined transactions within the decentralized ecosystem. RippleX’s tweet touting the Crossmark web wallet perfectly captures the essence of this announcement, “Crossmark is a browser-first digital wallet built on top of the #XRPL, and it will provide an easy way to sign transactions and switch between networks.”
CROSSMARK has three main goals and hopes to solve some of the current points of friction in the XRP ecosystem
- Provide an alternative to a mobile-first wallet to serve web apps more suited for browser environments.
- Define and adopt a universal QR code structure for other wallets and builders for the XRP Ledger.
- Provide a wallet that supports custom networks, network-specific features, and hot swapping between networks. Our browser wallet will be architected with future features in mind, such as AMM and sidechain proposals.
Crossmark writes that new projects built on the XRP Ledger are craving a browser-first wallet. As more developers and users migrate away from the Ethereum ecosystem, the developers say this demand will only increase.
Crossmark offers a comprehensive solution for signing transactions and smoothly switching between different networks on the XRP Ledger. The browser-first design allows users to conveniently navigate between networks and access various functions and services.
What Makes XRPL Unique?
The XRP Ledger presents various applications and use cases related to payments, including micropayments, DeFi, and NFTs. Deployed in 2012, the XRPL supports enterprises and Python, Java, and JavaScript developers with powerful utility and flexibility. On the XRP website, developers can access different tutorials to help them get started using other coding languages, building apps, managing accounts, and more.
Alongside its native coin, XRP, the XRP Ledger is used by developers to create solutions that solve inefficiencies, including remittance and asset tokenization. The five principal applications of the XRP Ledger are payments, tokenization, DeFi, CBDCs, and stablecoins.
