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    XRP is changing the world with blockchain and crypto

    On July 31, Ripple announced the launch of Xpring, a fund-like initiative that will support and invest in early-stage companies and projects built on its ecosystem.

    Xpring is expected to be an umbrella of different programs aimed at empowering entrepreneurs and supporting important blockchain projects by leveraging the company’s expertise, technology, reach and partnerships. It will primarily seek out companies building on the XRP Ledger and Interledger Protocol blockchain solutions.

    “We want to support entrepreneurs that are looking to take XRP or the XRP Ledger into new industries,” Ethan Beard, senior vice president of Ripple’s business unit, told CoinDesk. “We wanted to help them be successful; we thought that would also benefit Ripple.”

    Xpring has already made investments in a number of companies and projects, including Forte, Omni and Scooter. While the company is expected to make investments in more than 100 companies and projects through its umbrella fund, it will do so over an unspecified period of time. Xpring also said it plans to contribute to an initial $25 million to fund the development of “the XRP ecosystem.”

    “I view it as a program where we’re investing in projects that will move forward the adoption and integration of this technology,” Beard added. “We’ll be providing resources and knowledge to build on top of our platforms.”

    Xpring is currently being managed by Stefan Thomas, creator of the Interledger Protocol and CTO at Ripple. Many of the projects run through Xpring will be using XRP as a currency for liquidity, but not all of them will be part of that ecosystem or built on top of its technology.

    For many startups, leveraging an existing blockchain is just as important as the technology itself, because building a blockchain from scratch is expensive and difficult. And for others, the goal may be to build something that works on its own blockchain or an independent solution.

    “We view XRP as one of the most compelling digital assets,” said Thomas. “It could help companies achieve liquidity much faster than they’re able to in fiat currency, and also help power the on-demand economy.”

    Xpring has already made investments in a number of companies and projects, including Forte, Omni and Scooter. While the company is expected to make investments in more than 100 companies and projects through its umbrella fund, it will do so over an unspecified period of time. Xpring also said it plans to contribute to an initial $25 million to fund the development of “the XRP ecosystem.”

    “I view it as a program where we’re investing in projects that will move forward the adoption and integration of this technology,” Beard added. “We’ll be providing resources and knowledge to build on top of our platforms.”

    existingXpring is currently being managed by Stefan Thomas, creator of the Interledger Protocol and CTO at Ripple. Many of the projects run through Xpring will be using XRP as a currency for liquidity, but not all of them will be part of that ecosystem or built on top of its technology.

    For many startups, leveraging an existing blockchain is just as important as the technology itself, because building a blockchain from scratch is expensive and difficult. And for others, the goal may be to build something that works on its own blockchain or an independent solution.

    “We view XRP as one of the most compelling digital assets,” said Thomas. “It could help companies achieve liquidity much faster than they’re able to in fiat currency, and also help power the on-demand economy.”

    Published April 23, 2019 — 1:04 PM EDT Article by David Floyd

    News source courtesy CoinDesk.com Ripple Creates $250M Fund To Take NFTs Beyond Art – CoinDesk https://www.coindesk

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