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XRP Ledger Sidechain Completes Major Roadmap Milestone
TL;DR
The XRP Ledger sidechain Xahau has achieved a significant milestone with the launch of a Blockchain-Based Settlement for euro remittances to Ethiopia, developed by TerraPay and Cooperative Bank of Oromia. This initiative enhances the utility of the Xahau blockchain as a settlement layer.
Key points
- Xahau sidechain completes a major roadmap milestone
- Launch of Blockchain-Based Settlement for euro remittances to Ethiopia
- Initiative developed by TerraPay and Cooperative Bank of Oromia
- Xahau Blockchain serves as the settlement layer
- New team announced for the XRP Ledger Foundation
Mentioned in this story
XRP Ledger FoundationTerraPayCooperative Bank of OromiaInclusive Financial Technology FoundationEthiopia
XRP Ledger sidechain Xahau is in the spotlight amid the launch of Blockchain-Based Settlement for Euro remittances to Ethiopia. Global payments infrastructure company TerraPay, in partnership with Cooperative Bank of Oromia, announced the launch of Blockchain-Based Settlement for inward remittances to Ethiopia. The initiative, which supports euro-denominated remittance flows from Europe, was developed in collaboration with the Inclusive Financial Technology Foundation (INFTF). INFTF and TerraPay worked together with Ethiopian financial authorities to establish the regulatory and technical framework for the blockchain-based inward remittance settlement.
A major milestone on the Xahau roadmap has been completed!
From core developers to fintechs and banks, the ecosystem continues working every day to make Xahau the blockchain of choice for real world change.
Check the roadmap: pic.twitter.com/r0LbvCmVqG
— Xahau Network (@XahauNetwork) May 9, 2026 At the core of the initiative is the use of the Xahau Blockchain as the settlement layer. The official Xahau X account highlighted this in a recent tweet, noting that a major milestone on the Xahau roadmap had been completed, while pointing to increasing utility of the Xahau blockchain.
XRP Ledger new developments
The XRP Ledger Foundation, a non-profit organization that contributes to, grows, and advocates for the XRP Ledger and its community, has announced a new team. This includes Brett Mollin, who serves as Executive Director; Denis Angell, appointed as Chief Technology Officer; Rene Huijsen, serving as Director of Operations; and Vet (Hussein Zangana), who operates as Director of Community. The new team seeks to collaborate with XRP Ledger stakeholders to drive progress in all areas of the community and technology. A new XRPL version 3.1.3 has been released in the latest update to the network, which includes one fix amendment. This week, Ondo, Ripple, JPMorgan, and Mastercard completed the first cross-border redemption of tokenized US Treasuries on the XRP Ledger, a major milestone for the blockchain.
Q&A
What is the Xahau sidechain and its significance?
Xahau is the sidechain of the XRP Ledger, designed to enhance blockchain utility, particularly for real-world applications like remittances.
How does the Blockchain-Based Settlement for euro remittances to Ethiopia work?
The settlement system allows euro-denominated remittances from Europe to Ethiopia, utilizing the Xahau Blockchain as the settlement layer.
Who are the key partners involved in the euro remittance initiative to Ethiopia?
The initiative is a collaboration between TerraPay, Cooperative Bank of Oromia, and the Inclusive Financial Technology Foundation (INFTF), along with Ethiopian financial authorities.
