Hey XRP enthusiasts! 🚀 Buckle up because Ripple President Monica Long just dropped some major news that’s sure to stir the pot in the crypto world. In a tweet that has the community buzzing, she confirmed that Ripple is gearing up to establish a brand new independent foundation specifically for the XRP Ledger. That’s right—a fresh, standalone entity that’s set to shake things up!
Goodbye XRP Ledger Foundation, Hello INFTF
So, what’s the scoop? The XRP Ledger Foundation, which has long been the backbone supporting the XRP Ledger, is getting a major makeover. It’s now officially rebranded as the Inclusive Financial Technology Foundation (INFTF). This rebranding marks a big shift in focus, emphasizing a broader mission of promoting inclusive financial technology rather than being tied to just one specific tech like XRP.
What’s Cooking with the New Foundation?
Ripple’s president didn’t just stop at the rebrand news. In response to a curious XRP Ledger community member wondering about the fate of the XRP Ledger Foundation amidst this transition, Monica Long clarified that Ripple is indeed working on something exciting. The new independent foundation will be distinct from the INFTF and is currently in the works with input from various stakeholders, including XRPL Labs and XRPL Commons.
Ripple’s CTO Weighs In
Ripple’s Chief Technology Officer, David Schwartz, also chimed in, shedding more light on the situation. According to Schwartz, Ripple has been in deep discussions with the XRP Ledger Foundation and other key players about the best way to move forward. They’re all on the same page about the future direction, and specifics will be revealed soon. So stay tuned for more details!
INFTF: What’s the Big Idea?
The rebranding of the XRP Ledger Foundation to INFTF isn’t just a cosmetic change. The organization explained that the old name was starting to feel a bit limiting as they aim to broaden their horizons beyond a single technology focus. With this new name, INFTF is all about breaking boundaries and fostering global social and financial inclusion. They’re already making strides, being an associate member of the Organisation for Southern Cooperation, which brings together 28 member countries.
The Future of XRP Ledger and INFTF
This transformation is more than just a name change. It represents a strategic shift towards a more inclusive and expansive vision. While the XRP Ledger Foundation’s core assets like the XRP trademark, Code Repository, and xrpl.org domain remain in good hands, this rebranding opens doors for greater collaboration and innovation.
So, whether you’re an XRP veteran or a curious newcomer, keep your eyes peeled. Exciting times are ahead as Ripple and its partners forge ahead with a new chapter for the XRP Ledger. Stay tuned for more updates, and let’s get ready for the next big thing in the crypto world! 🚀
