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Cryptocurrencies

Ripple to launch blockchain and digital assets initiative

Tuesday 15 May 2018 | 09:43 AM CET

Ripple has announced plans to launch Xpring – a new initiative that will invest in, incubate, acquire and provide grants to companies and projects in the blockchain and digital assets space.

The initiative will focus on companies that use the digital asset XRP and the XRP Ledger. As a result, every entrepreneur will use the digital asset XRP and the XRP Ledger, the open-sourced, decentralized technology behind XRP, to solve their customers’ problems in a transformative way.

Moreover, the characteristics of XRP and the XRP Ledger could make it a good choice for entrepreneurs looking to solve problems across identity, trade finance, gaming and virtual goods, provenance, real estate, insurance, digital media and many other industries. Xpring’s entrepreneurs and companies will leverage XRP for use cases like these, among others.

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