Ripple Launches Venture Capital Fund ‘Xpring’
Ripple has announced a new project called "Xpring" to provide financial backing to companies that develop products and services for Ripple (XRP). With this new project Ripple plans to invest and provide grants to companies that make use of their cryptocurrency and the XRP ledger. Ripple's team stated:
"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.”
Read more here
