Ripple is one of the cryptocurrencies that are here to stay – and definitely one of the altcoins which look the most promising when it comes to the use of blockchain. As of recently, the third largest cryptocurrency by market cap launched ‘Xpring’ which is a platform that will invest, acquire and provide grants to “serious” projects run by “proven” entrepreneurs, according to the company press release.
The venture capital fund will support startups and projects that make use of XRP as a digital asset – and the XRP ledger as the blockchain technology with which Ripple built tools aimed at enterprise businesses.
According to the firm, they are “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.”
Ethan Beard, the ex-director of the Facebook Developer Network, has been appointed as a senior vice president in the Xpring startup incubator and developer program. According to him:
“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.”
Meanwhile, Ripple also revealed that Mitsubishi, Standard Chartered and Thailand’s Bank of Ayudhua are all ready to pilot the payments between Singapore and Thailand with the xCurrent blockchain product by Ripple.
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