Ripple, a leading provider of blockchain solutions, has announced that the XRP Ledger ecosystem has grown to 55 validator nodes – an increase of 120 percent since the month of May.

The startup said that the new validators include WorldLink, Telindus-Proximus Group, Bahnhof (Swedish ISP) and AT TOKYO Corporation. They have joined existing companies and organizations currently validating transactions on the XRP Ledger, including Microsoft, Massachusetts Institute of Technology (MIT) and CGI.

XRP Ledger is an enterprise blockchain supporting the institutional use case of cross-border payments, especially for banks and payments providers around the world who need more efficient liquidity and greater access to emerging markets. The decentralization and diversification of the XRP Ledger validator system will ensure network reliability and mitigate the risk of a single point of failure.

“We believe Ripple’s network will revolutionize commerce in the future and the way our customers do business, and that’s why we have chosen to run a validator node on the XRP Ledger. In the same way that communication and document sharing dramatically improved with email, Ripple and the digital asset XRP will have an equally impactful effect on the time and cost associated with cross-border payments,” Mathew Pulickel, Senior Vice President, Emerging Technology at WorldLink, said.

In the forthcoming months, Ripple plans to add two third-party validators to the XRP Ledger’s Unique Node Lists (UNLs).

The XRP token has witnessed tremendous growth this year – XRP/USDT growing nearly 7000% this year as it hit a fresh all-time high at 0.4345 on May 17 (Poloniex). It is currently trading at 0.1692 levels at the time of writing.

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