Ripple continues to develop its Empire and officially launches Xpring, a new investment initiative that will help Finance entrepreneurs in exchange for using XRP and XRP Ledger.
Ripple, a real-time settlement system in San Francisco, as well as a currency exchanger and a money transfer network, has announced a new Xpring initiative that will invest, acquire and provide grants to companies and projects implemented by trusted entrepreneurs. In turn, financed entrepreneurs will use their own digital tool Ripple – XRP, as well as XRP Ledger.
“As the main source of the XRP Ledger code base and the owners of a huge number of XRP tokens, we often hear from entrepreneurs and developers that they would like to support us in one way or another. We are one of the few Blockchain companies that has a craving for different uses of our technology, we feel we have unique opportunities to support entrepreneurs.”
The company also hired Ethan bird, former Director of the Facebook Developer Network, as senior Vice President, who led the Xpring program.