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Poof Payment Launches Open-Source MPC Wallet for the XRP Ledger

Katie Lin

Summary: Poof Payments has unveiled the launch of an open-source implementation of Multiparty Computation (MPC) wallets, seemlessly integrated with Shamir Secret Sharing (SSS) for the XRP Ledger. MPC wallets allows multiple parties to collaboratively recompute private keys and digital signatures, thereby enabling the execution of blockchain transactions without the need for asset custody. With the launch of an open-source ...

Poof Payments has unveiled the launch of an open-source implementation of Multiparty Computation (MPC) wallets, seemlessly integrated with Shamir Secret Sharing (SSS) for the XRP Ledger. MPC wallets allows multiple parties to collaboratively recompute private keys and digital signatures, thereby enabling the execution of blockchain transactions without the need for asset custody. With the launch of an open-source MPC wallet infrastructure for XRP, Poof Payments grants access to a free-to-use secure payment server that enables the creation of institutional-grade self-custody wallets, payment processing applications, and the foundation for on-ramps, off-ramps, and crypto exchanges in the XRP Ledger ecosystem.

Author: Katie Lin

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