Ripple launches venture Fund “Xpring” for the promotion and implementation of XRP

Ripple launches venture Fund “Xpring” for the promotion and implementation of XRP

The creators of Ripple have announced a new project called “Xpring” (pronounced “sprin”) to provide financial support to companies that develop products and services for XRP, the third largest cryptocurrency with a market capitalization of more than $ 29 billion.

Currently Ripple is tested and/or used by several banks and by and large never used. The company hopes to change all that with Xpring. Ripple will invest, incubate, acquire, and provide grants to companies that use their digital assets XRP and actively work with the XRP registry.

We, as a company that makes a major contribution to the development and the development of XRP, often hear from entrepreneurs and developers that they would like to have support in one form or another for projects related to XRP. Being one of the few blockchain-companies, which has no desire for speculation, we believe we have unique opportunities to support these entrepreneurs.

See also – Ripple Technology saves 40 to 70 percent for international transfers

Ethan beard will become senior Vice President and will head the program of cooperation with the developers of Xpring. Ethan served as Director of the Facebook Developer Network from 2009-2012, where he oversaw relationships with software developers, operations and marketing for the Facebook API. Prior to Facebook he worked as the Director of social media and Director of business development at Google.

I like to help startups to use new technologies and development for growth. In Facebook I saw the company in areas such as games, music and news, use our platform to become a major business. Blockchain and digital assets have the ability to solve important problems, and XRP is its speed, scalability, and case studies practical application in the real world is a great tool for aspiring entrepreneurs for business creation.

Ripple has already announced several projects that they have financed. Just last month they invested $ 25 million in XRP to Fund Capital Blockchain. Blockchain Capital manages assets worth more than $ 350 million and invested in companies like Coinbase, Circle and Kraken.

Earlier this year, the heads of Ripple’s Stefan Thomas (CTO) and Chris Larsen (Executive Chairman and co-founder) invested in Omni. Although investment did not come from the company Ripple, Omni soon integrates XRP as the currency on your marketplace.

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