Apple integrates Ripple’s Interledger in iOS 18 for the ‘Tap to Pay’ system.
Ripple’s ILP doesn’t require XRP but supports it as a bridge currency.
Market anticipates a positive impact on XRP value with Apple’s adoption of Ripple technology.
The upcoming iOS 18 will feature the integration of Ripple’s Interledger Protocol (ILP), a significant upgrade to Apple’s payment system. Apple and Ripple have collaborated to create a noteworthy product with the new ‘Tap to Pay’ feature that will enable users of the iPhone to conduct transactions seamlessly across devices.
HOLY SMOKES Apple just implemented Ripple's Interledger technology (ILP) for its Apple "tap to pay" system in IOS 18.While the ILP doesn't require XRP , we all know XRP can be used as a bridge currency on the ILP. Relationships matter! Checkout the video below and… pic.twitter.com/5U9vPrqgXA
— Johnny Krypto (@johnnykrypto00) June 18, 2024
Although Ripple’s native cryptocurrency, XRP, is not strictly necessary for the ILP integration, the necessary infrastructure is in place to accommodate it as a bridge currency. This partnership suggests a possible future in which XRP could play a significant role in Apple’s payment ecosystem by utilizing Ripple’s technology to enable effective, low-cost transactions.
The market’s reaction to this development has been very positive, and traders are speculating its effect on the value of XRP. The Interledger Protocol from Ripple is intended to offer quickness, clarity, and security for financial transactions. This is demonstrated by the increasing acceptance of blockchain technology in mainstream uses, such as Apple’s ‘Tap to Pay’ system.
The infrastructure of Ripple is designed to securely and efficiently handle huge amounts of payments. The incorporation of Ripple’s technology into Apple’s “Tap to Pay” system showcases how useful it is in daily transactions. As the two companies continue to collaborate, there is great hope for further advancements and increased adoption of blockchain-based payment solutions.The new iOS 18 “Tap to Pay” feature from Apple, which incorporates Ripple’s Interledger Technology, represents a major advancement in the development of digital payments. The infrastructure is prepared for the possible inclusion of XRP in the future, but its immediate use is not required. This partnership highlights Ripple’s contribution to the revolution in financial transactions while also enhancing the capabilities of Apple’s payment system.
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