The company Ripple wants to expand its services through Xpring. It is an investment fund , whose mission is to provide financial support to entrepreneurs, who will in return use the platform to develop their projects.
Xpring adds to the Ripple family of "x" services, including xCurrent, xRapid and xVia. However, Xpring is not a new technology solution, but rather a financial solution for entrepreneurs whose projects are directly related to the cryptocurrency created by Ripple: the XRP . Not limited to incubator functions alone, Xpring will have the mission of "investing, incubating, acquiring, and providing grants to companies and projects managed by experienced entrepreneurs. "
For the operation of this new service, Ripple called Ethan Beard as vice president, and we understand why. Ethan Beard is currently a board member of three companies (Beyond 12, Parchmant Inc. and Represent.Us). But it was mainly his career at Facebook as director of development, then director of the platform, which pushed Ripple to entrust him with the heavy task of managing Xpring.
The news just published , Ripple announces that Xpring has already supported several personalities of the blockchain universe . These include Scooter Braun, Stefan Thomas, Thomas McLeod, Bar and Brad Stephens.
Scooter Braun has seduced Xpring with its artistic projects called SB Projects, which aim to monetize the works of artists through Ripple.
Stefan Thomas is the creator of the Interledger protocol, but also the founder of Coil. This company will use Interledger and the XRP token to facilitate micropayments.
Thomas McLeod is not his first business creation: his Omni project has seduced Ripple. It is a platform that allows you to store and rent your own objects, or to use the objects of other users. Omni will add XRP as a bargaining chip.
Finally, Bart and Brad Stephens are the co-founders of Blockchain Capital, and have under their wing several renowned companies such as BitFury , BitGo or Blockstream .
The XRP of Ripple will certainly sail towards new horizons thanks to Xpring, horizons that it was difficult to glimpse. And due, the year 2017 was complicated, because of the arrival all kinds of decentralized projects. The cryptophile community is mixed against Ripple, who does not advocate the same values as his colleagues. With this new financing service, Ripple's requirements (the use of its technology and / or XRP) will then become a rather attractive option for entrepreneurs. Curiously enough, Xpring does not seek to invest in the projects themselves, but rather targets their founders.