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XRP Ledger: Xange plans tokenized emissions certificates



They announced last Thursday that the exchange wants to develop emission certificates based on the XRP ledger. It works in partnership with the UN Development System (UNDS) and emphasized the environmental friendliness of XRP in the published press release.

This suits the image of the XRP Ledger, which is also maintained by Ripple. That year, company leaders entered the public debate, bringing XRP into play as an environmentally friendly alternative to Bitcoin. Unlike Bitcoin, XRP is not based on Proof of Work and can therefore do without mining, which is deliberately designed to be resource-intensive.

Xange wants to develop the tokenized solution for the certificates primarily for the African market. This should make the market for environmental certificates more transparent and safer.

XRP course tests resistance

The market is currently still moving in a crab. This is primarily due to the still shaky situation of the reserve currency, because Bitcoin is still flirting with the low of December 4th. XRP was also unable to escape this generally bearish situation. In addition, there is the lawsuit against the US Securities and Exchange Commission, which is still a factor of uncertainty and XRP cost the US market this year because the exchanges stopped trading in it.  

But last night the XRP course gave rise to a glimmer of hope. Because it succeeded in testing the resistance at 0.91 US dollars, which is also the upper end of the range in which one is still located. At the time of going to press, however, the situation has turned again and XRP is now trading at just $ 0.85. In the final days of 2021, the situation on the overall market will remain tense.

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