Published On: Mon, May 14th, 2018

Ripple Announces Xpring Initiative to Build Ecosystem Around XRP

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Ripple continues to grow its empire with the official launch of Xpring, a new investment initiative that helps fund entrepreneurs in exchange for the utilization of XRP and the XRP Ledger.
‘We’re Uniquely Positioned to Support Entrepreneurs in a Meaningful Way’
Ripple — a San Francisco-based real-time gross settlement system, currency exchange and remittance network — has announced a new initiative, Xpring, “that will invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs.” In return, said entrepreneurs will use Ripple’s in-house digital asset, XRP, as well as the XRP Ledger.
Explains the Ripple team in an official announcement:
As a major contributor to the XRP Ledger codebase and large holder of XRP, we often hear from entrepreneurs and developers that they’d like support in one form or another to help them with their XRP-related projects. As one of the few blockchain companies with traction for a non-speculative use case, we feel we’re uniquely positioned to support entrepreneurs in a meaningful way.

In order to successfully launch the addition to the Ripple ecosystem, the company has made a significant hire. The …

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