January 29, 2020 – Ripple-focused development house XRPL Labs has announced that it will launch its upcoming XUMM application on the CasinoCoin ledger.
The XUMM app was initially slated for release solely on the XRP ledger, but XRPL Labs founder Wietse Wind confirmed that a branded fork of the project will also be built upon the CasinoCoin blockchain.
XUMM will allow users to store fiat and digital currencies in a wallet account, and has previously been described as a banking app without the banks.
XRPL Labs was supported by Xpring, an initiative from Ripple that invests in, incubates acquires and provides grants to companies building products and features using the XRP ledger and digital asset.
XRPL Labs founder Wietse Wind said: “While our main focus lies on the XRP ledger and the XRPL ecosystem we appreciate both the CasinoCoin team and the choices they have made. I can also really respect and appreciate their team expanding their project in a solid, bootstrapped manner. They didn’t do yet another ICO, and they managed to build and expand their projects without relying on mass token sales.
With CasinoCoin being a fork of a previous version of the XRP ledger source code, there’s still a great deal of overlap between the source code powering both ledgers. We see the XUMM app and underlying platform for singing requests can add a lot of value to not only the XRP ledger, but to the CSC ecosystem as well.”
John Caldwell, Director of Advocacy for the Foundation, said: “We are always looking for ways to improve our product, and working with the innovative and forward-thinking XRPL Labs to deliver XUMM on the CasinoCoin ledger is a hugely exciting development for us.
“That they have seen the potential in our project is testament to the hard work put in by both our own development team and our wider community. We look forward to working closely with XRP Labs going forward.”