4h ago

Solana Exec Buys $10,000 Worth Of Xrp

Vibhu Norby, Chief Product Officer at @Solana, has purchased roughly $10,000 worth of $XRP, using the buy to demonstrate a new cross-chain product rather than signal a shift in allegiances.

The move was designed to showcase wXRP, a wrapped version of @Ripple's $XRP token that is now live natively on the Solana network. The integration was made possible through technology developed by @Hex_Trust, a digital asset custodian.

Wrapped tokens allow assets native to one blockchain to be used on another by locking the original token and issuing an equivalent representation on the destination chain. By bringing wXRP to $SOL, the integration opens the door for XRP liquidity to participate in Solana's decentralised finance ecosystem.

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