news 
Ripple Integrates DIA’s Lumina for Oracle Services on the XRP Ledger
In a recent press release, blockchain infrastructure provider Ripple Labs has announced its integration with a new data platform to provide oracle services for its decentralized, public blockchain XRP Ledger (XRPL). The chosen oracle service provider is none other than Lumina, built on top of the open-source financial data platform DIA (Decentralized Information Asset).
According to the press release shared with CryptoPotato, Ripple has opted for Lumina due to its commitment to transparency and compliance with institutional and regulatory standards. This integration marks a significant milestone in Ripple’s pursuit of providing secure, auditable, and trustless oracle services on the XRP Ledger.
Lumina is set to go live on March 26th and promises to redefine the standard for oracle security, efficiency, and transparency. DIA claims that Lumina puts an end to opaque, centralized, and unverifiable data feeds that have plagued DeFi protocols and blockchain networks for years. The new platform’s architecture ensures that every step of the data journey is verifiable.
In a bold move, Ripple has chosen Lumina over other popular oracle services like Chainlink and Pyth due to its fully transparent design. This integration signals a significant shift in the industry, as trustless off-chain data becomes the new standard for decentralized finance (DeFi), real-world assets (RWAs), and Web3 applications.
The CEO of DIA, [CEO’s Name], stated that Lumina is not just another oracle stack but rather a game-changer. “We’re making oracles obsolete by putting every transaction, price feed, and computation on-chain,” they emphasized.
The integration with Ripple Labs highlights the importance of transparency and trustlessness in the cryptocurrency industry.
Source: https://cryptopotato.com/ripple-integrates-dias-lumina-for-oracle-services-on-the-xrp-ledger/
