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February 12, 2024

Flare (FLR) Surges 7.1% as XRP Integration Boosts Protocol

Natasha Fernandez
Written byNatasha FernandezWriter
Researched byNikos PapadopoulosResearcher

Flare (FLR) has experienced a significant surge in price following the announcement of the integration of XRP on its network. The price of FLR has jumped by 7.1% in the past 24 hours, reaching $0.03175. This surge in price can be attributed to the positive impact of XRP on the protocol.

Flare (FLR) Surges 7.1% as XRP Integration Boosts Protocol

Solving the Integration Issue

Despite its close association with Ripple Labs, FLR and XRP have faced challenges in terms of interoperability. However, the cofounder of Flare, Hugo Philion, has expressed determination to solve this long overdue integration issue. Philion stated that the integration of XRP on the Flare network will be made possible through the use of FXRP, which will serve as a form of wrapped XRP. This integration will bring flexibility to the Flare community of developers and enable the creation of dApps that connect users with other ecosystems.

Anticipation and Excitement

Although the exact timeline for the integration has not been revealed, the announcement has already generated massive excitement within the community. The anticipation of the integration is high, as it will enhance the capabilities of the Flare network and provide new opportunities for developers.

The XRP Advantage

The integration with XRP comes at a strategic time for Flare Network. XRP is the only altcoin officially recognized as a nonsecurity by law, following a declaration by Judge Analisa Torres last July. This recognition gives Flare a significant advantage, especially considering the ongoing legal battles faced by other top tokens. The integration will allow Flare to serve decentralized data to Hooks-enabled protocols on the XRP Ledger.

In conclusion, the integration of XRP on the Flare network is a significant development that will enhance the capabilities of the network and provide new opportunities for developers. The surge in price of FLR following the announcement reflects the positive impact of XRP on the protocol. With the anticipation and excitement surrounding the integration, the Flare community is eagerly awaiting the implementation of this integration and the benefits it will bring.

About the author
Natasha Fernandez
Natasha Fernandez
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Natasha "CryptoQueen" Fernandez bridges the gap between blockchain buzz and casino charisma. From New Zealand's serene landscapes to the volatile world of crypto, she's making waves in the online gaming sphere. With CryptoCasinoRank, she paints a future where chips meet chains seamlessly.

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