XRP News: XRP Ledger Supports the Promotion of $800 Million in Argentinian Energy Tokenization
Ai Focus
Argentina is operating power contracts on XRP Ledger through the Enertoken platform. This platform, created by the Buenos Aires company Justoken, covered over $800 million in tokenized energy assets upon its launch. Meanwhile, the Central Bank of Brazil is reviewing the application of Ripple as a virtual asset service provider, and Banco Genial has also been integrated with Ripple Payments for US dollar transfers and stablecoin support.
The YPF Luz of Argentina is running power contracts on XRP Ledger through Enertoken. Enertoken is a platform created by the Buenos Aires company Justoken, which already had over $800 million in tokenized energy assets at the time of its launch.
Each JMWH token on this platform corresponds to 1 megawatt-hour of electricity and is supported by energy contracts. Corporate buyers can access features for tracking, billing, and cost simulation of electricity supplied from renewable and thermal power sources.
In Brazil, the Central Bank of Brazil is reviewing the application for operating as a virtual asset service provider submitted by Ripple; meanwhile, Banco Genial has connected to Ripple Payments for US dollar transfers and stablecoin support.
This year, the stablecoin exchange volume on XRPL has reached $1.65 billion, of which 92% is paired with XRP.
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