Ripple Announces Xpring  to Create Ecosystem Around XRP 9249
News
Sharat Chandra
May 14, 2018 at 11:50 PM

Ripple delivers a seamless experience to move money across the globe thanks to the blockchain. It has a presence in San Francisco, New York, London, Sydney, India, Singapore, and Luxembourg.

Ripple announced, "Xpring is a new initiative by Ripple that will invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs. Every entrepreneur will use the digital asset XRP and the XRP Ledger, the open-sourced, decentralized technology behind XRP, to solve their customers’ problems in a transformative way."

“I love helping startups leverage new technologies and developments to grow. At Facebook, we saw companies in areas like gaming, music, and news use our platform to become big businesses, said Ethan Beard, SVP at Ripple. “Blockchain and digital assets have the ability to solve important problems and XRP – with it’s speed, scalability and demonstrated real-world use case – is a great tool for startups and entrepreneurs to build businesses around.”

“Blockchain technology and digital assets like XRP will provide artists with new distribution channels and revenue streams,” said Scooter Braun, founder of SB Projects. “This creates more space for artistic freedom, and I’m excited our team is among the first in the entertainment industry to lean into the blockchain movement. It is only the beginning as we will continue to build out more use cases for XRP. ”

Ripple developed Xpring because it recognizes the immense, unexplored domain of the ledger.

 

Image via Ripple