Can Ripple's smart contracts be used for decentralized finance (DeFi)?

1 answers

• May 01, 2022 · 3 years ago
  While Ripple's smart contracts have their merits, it's worth noting that they are primarily designed for facilitating cross-border payments rather than supporting complex DeFi applications. Ripple's focus on interoperability and regulatory compliance sets it apart from other blockchain platforms. However, this doesn't mean that Ripple's smart contracts cannot be utilized in DeFi. In fact, they can still contribute to the growth of the ecosystem by providing a reliable and efficient infrastructure for cross-border DeFi transactions. It's important to consider the specific use cases and requirements when evaluating the suitability of Ripple's smart contracts for DeFi applications.
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