Cryptocurrency Q&A What is wrapped XRP XRP and how does it work?

What is wrapped XRP XRP and how does it work?

Chloe_jackson_athlete Tue May 14 2024 | 7 answers 1816

Could you please explain what wrapped XRP (wXRP) is and how it functions? I've heard of it being mentioned in relation to blockchain interoperability and cross-chain transactions, but I'm still a bit unclear on the concept. Is wXRP a tokenized version of the original XRP? How does it enable transactions between different blockchains? Also, what are the potential benefits and risks associated with using wrapped XRP? I'm quite interested in understanding the intricacies of this emerging technology. What is wrapped XRP XRP and how does it work?

What is wrapped XRP XRP and how does it work?

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