INFTF Announcement

August 6, 2024

Over the past year or so, the Foundation has been involved with multiple international organisations who share our common goal to help bring about social and financial inclusion on a global scale. For instance, we are now associate members of the Organisation of Southern Cooperation and help drive the digital vision for the organisation which comprises of 28 member countries.

As we get deeper into the execution of our goals, it has become apparent to us that being tied to any one technology is restrictive. Very often there could be a solution that is completely outside of what is expected from an organisation known as The XRP Ledger Foundation.

In recognition of this, we have renamed ourselves to INFTF - A backronym for Inclusive Financial Technology Foundation (legally InFTF MTU). We continue, of course, to embrace all technologies that can help assist us in our mission. There are some things to consider as a consequence of this change. It's an undeniable fact that XRP and the XRP Ledger are inexorably linked by the name of the native asset. This implies that the community has always expected more from the Foundation than what it was able to provide.

There is now an opportunity for various stakeholders such as the primary maintainers of the ledger (Ripple), network participants (validators and node operators), community driven organisations, and even the community directly (for example via some sort of DAO as has been suggested by some parties) to come together to maintain the things that the Foundation is currently a custodian of. Mainly:

These things must be done in an organised and non-partisan manner, so may take time. Until then it would be our honour to continue to be custodians. As one of the publishers of the UNL, we would also ensure that we would continue to do that as long as it's deemed necessary.

We cherish the faith that has been placed in us thus far, and hope that you continue to cheer us on as we continue down our rather difficult path. Please do look forward to hearing more from us. You can follow us on X at @IncFinTech. All updates from the Foundation will continue from there. Our website will be functional in the next week or two.