XRP Ledger’s Xahau sidechain activates multi-asset payments

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

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

Xahau amendment REMIT is live

So many waiting for this

So what is Remit pic.twitter.com/EOEzN7yslK

— onledger.net (@offledger) March 30, 2024

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

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

— 📨 Super-thread on #Xahau —

This thread contains writings on Xahau, a new smart contract-enabled sidechain on the #XRPL ecosystem.

1⃣ What Xahau is.
2⃣ Xahau's features & proposition.
3⃣ Why there is a core need for Xahau. pic.twitter.com/YCltDDsqJa

— Xahau Community 🪝 (@XahauCommunity) October 31, 2023

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

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

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