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XRP Ledger’s Xahau sidechain activates multi-asset payments

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on Mar 31, 2024
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  • The sidechain has launched the REMIT upgrade.
  • Issuers can transfer tokenized vouchers and XRP in a single transaction.
  • Xahau touched a new decentralization landmark amid increased interest.

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Ripple (XRP) Ledger’s sidechain Xahau welcomed automic multi-asset transactions on 31 March after the REMIT upgrade.

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Notably, the REMIT upgrade paves the way for sending multiple tokens and currencies to specified destinations.

At its core, the new activation will allow XLS-55D proposal expansion for XRPL-like platforms to Xahau.

Further, the update introduces several opportunities for XRPL and Xahau’s use cases. For example, issuers can transfer tokenized vouchers and XRP coins in one atomic transaction.

The post indicated that users can customize their accounts to disable Remit transactions.

Xahau hits decentralization milestone

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The Xahau sidechain launched on the mainnet in October last year, introducing smart contract capabilities to the XRP Ledger.

It allowed developers to onboard various decentralized applications (dApps) for Ripple users.

As seen here, Xahau has grown into a massive platform with around 850 validator nodes.

XAH and XRP price outlook

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Xahau’s native coin jumped to $0.1368 following the REMIT activation, whereas XRP remained relatively flat at $0.6279 over the past day.

XAH & XRP 1D Charts on Coinmarketcap

XAH printed wild fluctuations on its 24-hour chart, with a slight dip to $0.1342 at press time.

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