Ripple has commenced an initiative that aspires to offer entrepreneurs in the blockchain arena a better beginning in business – as long as they boost up its own ecosystem.
Proannounced Monday, Xpring (pronounced "spring") will to put rersources in, acquire and give grants to "serious" ventures and firms run by "proven" business persons, a company release states.
The project capital fund will solely give support to projects and startups that make utilization of the open-source XRP Ledger and digital asset XRP – blockchain innovation with which Ripple has built tools aimed at enterprise businesses.
[Video] Ripple Launches 'Xpring' Initiative to Invest in XRP-Focused Startups