{"id":7167,"date":"2018-05-15T14:39:17","date_gmt":"2018-05-15T14:39:17","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=7167"},"modified":"2018-05-15T14:39:17","modified_gmt":"2018-05-15T14:39:17","slug":"ripple-to-fuel-use-of-xrp-xrp-ledger-through-xpring-initiative","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/ripple-to-fuel-use-of-xrp-xrp-ledger-through-xpring-initiative\/","title":{"rendered":"Ripple To Fuel Use of XRP, XRP Ledger Through Xpring Initiative"},"content":{"rendered":"

\"\"San Francisco-based Ripple, which offers blockchain technology based real-time gross settlement system, has announced an initiative, <\/a>dubbed as Xpring, to foster startups that agree to integrate XRP, the native token of the Ripple ecosystem, and XRP ledger in their projects.<\/p>\n

The company also provided details of the newly assembled team that will work towards a successful launch of xPring. One of the well known team members is Ethan Beard, former Director of the Facebook Developer Network. He will serve as senior vice president for both Ripple and Xpring\u2019s developer program.<\/p>\n

Under the Xpring initiative, Ripple will invest in,<\/a> incubate, acquire and provide grants to companies and projects run by proven entrepreneurs. Only the projects which will use the cryptocurrency XRP and the XRP Ledger to solve their customers\u2019 problems in a transformative way will be considered.<\/p>\n

The Xpring initiative signals Ripple\u2019s plan to go further beyond banks and remittance mechanism. While Ripple will continue to market its enterprise and banking products, it considers the superior speed, stability, and scalability of XRP and XRP ledger as a perfect solution for existing problems in trade finance, identity, gaming and virtual goods, real estate, insurance, provenance, digital media, and many other industries. By supporting projects that will use XRP and XRP ledger, Ripple aims to permeate into other sectors of the economy. The XRP cryptocurrency will gain wider recognition and adoption as a result of this initiative.<\/p>\n

Ripple\u2019s announcement carried Beard\u2019s opinion<\/strong> about the initiative as well.<\/p>\n

\u201cI love helping startups leverage new technologies and developments to grow. At Facebook, we saw companies in areas like gaming, music, and news use our platform to become big businesses. Blockchain and digital assets have the ability to solve important problems and XRP \u2013 with it\u2019s speed, scalability and demonstrated real-world use case \u2013 is a great tool for startups and entrepreneurs to build businesses around.\u201d<\/p><\/blockquote>\n

The list of entrepreneurs currently supported by Ripple are as follows:<\/p>\n