Xpring Announces Investment in Flare Networks to Support New Use Cases for XRP

Ripple Investment Division Xpring announced an investment in Flare Networks to support the new use case for XRP. The announcement states that for XRP use cases, Flare will use XRP addresses and encryption systems to provide XRP users with a seamless way to interact with smart contracts on the Flare network. Xpring believes that users and developers want to leverage XRP in more use cases, and Flare Network will provide this capability to companies and developers who want to leverage XRPL to meet their needs.