Ripple seeks to connect XRP and ETH over the ILP protocol

According to The Daily Hodl, Ripple said recently that it is seeking to build a financial bridge between XRP and Ethereum (ETH). The company launched a challenge at ETH Denver, which will pay encoders who can connect two cryptocurrencies on the Interledger protocol (ILP). ILP was launched by Ripple at the end of 2015 and aims to provide businesses with a convenient way to exchange money, including fiat currencies and crypto assets.