#Flare Integrates XRP on Test Network - Times Tabloid.

Flare, a blockchain platform, has officially launched FXRP, a tokenized representation of XRP, on its Songbird test network. This release marks a significant milestone following the completion of an open beta phase involving 48,000 participants.

During the beta testing period, the system processed over 263,000 mints and 395,000 redemptions, highlighting the potential for broader adoption.

Integration Details and Features

The FXRP integration incorporates a unique verification feature called the “handshake” mechanism, which allows authorized agents to validate wallet addresses participating in minting and redemption activities.

This system is a step toward bridging non-smart contract cryptocurrencies, such as XRP, Bitcoin, and Dogecoin, with decentralized finance (DeFi) applications.

Testing on Songbird will span six weeks for each asset, operating under specific financial parameters to ensure security and reliability.

Flare has introduced a $2 million issuance cap per asset and offers $300,000 in loss protection through Flare Labs, providing an added layer of security for participants.

Collateral for this testing phase will be backed by Songbird’s native token (SGB) and USDX, a stablecoin linked to U.S. Treasury values.