The price of the cryptocurrency Flare (FLR) saw a 7% increase after the announcement of its integration with XRP, reaching $0.03175. This growth resulted from the positive reception of news regarding XRP's influence on the Flare protocol, despite the absence of unique interaction paths between FLR and XRP up to the current moment.
Co-founder of Flare, Hugo Philion, shared plans for integrating XRP into the Flare network through the FXRP mechanism, which will allow the use of XRP within Flare and other ecosystems via the LayerCake protocol. This innovation will provide Flare developers with the ability to create decentralized applications (dApps) connecting users with broader ecosystems and demonstrating the uniqueness of Flare's innovations.
Following Judge Ana Lisa Torres's decision recognizing XRP as not a security, XRP became the only altcoin officially not recognized as a security. This circumstance provides Flare with additional protection in the event of successful integration of XRP, allowing for the transmission of decentralized data through protocols with Hooks support in the XRP Ledger.
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