Ripple, one of the oldest Cryptocurrencies in circulation, recently announced that entrepreneurs and their Startups will aim to bring this into the XRP Ecosystem.
Ripple Labs was founded in 2012 and is responsible for the Ripple payment Protocol and transaction network. The currency of Ripple is measured the third-largest by market capitalisation, only Bitcoin and Ethereum have a larger capitalization. Despite its massive market capitalization of nearly 30 billion US dollars, it is not, however, even for the daily business operation, widely used, with the exception of a few selected test runs, the Ripple has announced.
Ripple Labs’ new project is called “Xpring” (pronounced “jump”) and aims to bring Startups to the benefit of both the XRP crypto currency as well as the Smart Ledger to form a self-sustaining Ecosystem thriving company. With this program, Ripple company wants to attract a variety of investments and grants, while it focuses on its current activities in the financial services industry.
To carry on this project, Ripple Ethan Beard, the former Director of the Facebook developer set network as the head of Xpring, and Director of the developers program, of Ripple.
In an Interview with TechCrunch’s Eric van miltenburg, Senior Vice President of Business Operations at Ripple, explained the reasons for Ripples decision to focus on this Venture.
“Our goal is to promote companies which would benefit from development on the XRP Ledger. Support is offered in various ways: investments, Mentoring, and the potential of acquisitions or grants. We focus on experienced entrepreneurs, who can use the Ledger and XRP, in order to solve the problems of their customers.“
Ripple had received, according to miltenburg over the last years several offers from businessmen who wanted to work with the XRP, from these requests, however, was nothing, because Ripple Labs is focused on the financial services trading industry.
“There’s been enough interaction to say that there is something here, and now is the time,” he said. “In the last four to six months, has crystallized the idea of Xpring really.”
Potential of the XRP Ecosystem
As Milten Burg to Ripple’s was asked the purpose, he admitted that XRP is a total of currencies are less speculative than other Crypto.
“There is a use case that we have developed: Ripple is one of the few Enterprise solutions on the Blockchain, which is currently in production. We believe that the XRP Ledger and the Asset will have a performance profile that makes it suitable for companies,“ he said.
A few prominent examples of Omni, the software company for his contributions to the platforms, macOS, iOS, and watchOS known and announced that it would be “soon” to integrate XRP as a currency in its market. Another example of Scooter Braun – Justin Bieber’s Manager, recently said that he “pursued several efforts, the XRP will use, in order to improve the ability of artists to monetize their content and to manage.”
Xprings attempt to collect as many fish as possible in the launch pad, could be an ambitious Plan, but only time can tell how the Startups the supply of Ripple will respond.