- Ripple’s senior vice president of Xpring, Ethan Beard, said that they’re working on widespread adoption of XRP.
- Xpring has already invested at least $500 million in more than 20 blockchain and crypto-related companies.
Ripple’s fundraising arm Xpring is working hard on the widespread development and adoption of XRP token. On the latest episode of The Ripple Drop, Ripple’s senior vice president of Xpring, Ethan Beard, said:
“One of the areas that I’m most excited about is that we’re really starting to layer in developer tools inside of Xpring and looking to make Xpring much more of a developer platform. So the team has significantly grown. We’re probably 10x what we were a year ago in terms of people. The vast, vast majority of the team is engineers. What we’re putting in place is the tooling to make it really simple to build with XRP.
We’re building out APIs, SDKs and various libraries and services to make it so that anyone who wants to come along and build on XRP can do so very easily. And then we’ll also be spending a lot of time bringing these products to market and reaching developers wherever they are around the world. So keep your eyes open. You may even see an Xpring developer conference somewhere along the line as well.”
Xpring has already invested at least $500 million in more than 20 blockchain and crypto-related companies. Some of their notable investments include:
- Coil: A micropayments firm that empowers creators to monetize their content.
- Forte: A gaming company which will bring digital assets like XRP into mainstream video games.
- Kava Labs: Developing an open payment system for cryptocurrencies.
- Dharma Protocol: Firm creating a crypto-based decentralized loan platform.
- Raised in Space Enterprises: Startup looking to use digital assets like XRP in the music industry.
- XRPL Labs: XRP developer Wietse Wind’s pet project.
- Robot Ventures: An early-stage venture capital firm.
- SendFriend: Uses xRapid for sending money overseas at lower costs.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.