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Ripple Invests $500 Million in 20 Blockchain Companies to Boost XRP

Ripple is a top-ranking coin in cryptocurrency cloud due to its optimistic and innovative vision about future of Blockchain technology.

Ripple is not just focusing on the progress of itself but also investing in different startups and programs related to Blockchain Technology.

Twenty different companies related to crypto and Blockchain technology is benefited from the investment of Ripple in their ideas.

Ripple has invested almost half billion Dollars in these companies.

The Sole Purpose Behinds this Investment

Ripple has great purpose underlying this hug investment in these companies. Ripple wants to create a powerful and cooperative ecosystem around XRP.

This community will aid Ripple in future for accomplishing projects. This cloud of different prominent firms in which Ripple has recently invested will lead the XRP in a new innovative direction.

Ripple invested this huge amount through Xspring.  Xspring is created to provide the entrepreneurs with the investments and grants by using XRP token XRP Ledger.

As a major contributor to the XRP Ledger codebase and large holder of XRP, we often hear from entrepreneurs and developers that they’d like support in one form or another to help them with their XRP-related projects. As one of the few blockchain companies with traction for a non-speculative use case, we feel we’re uniquely positioned to support entrepreneurs in a meaningful way

The Goal of Xspring:

CEO of Ripple said in recent article

Our goal at Xpring is to make it easy for developers to build projects that create real use cases for XRP

 

Xspring is a product of Ripple whose sole purpose is to work with different Blockchain companies and invest in these prominent firms to make a healthier cooperation.

Investment in Prominent Companies:

Xspring produced $100 Million with a Blockchain gaming company which will aid in bringing XRP tokens in video games with a large number of users.

Ripple has also invested in company “SendFriend” that would use the Ripple Blockchain technology to decrease the cost of sending money throughout the world.

Ripple invested $20 Million in coil. Coil is basically micropayment system for content creators, which is owned by Stefan Thomas, former CTO of Ripple.

Conclusion:

All these investments in different companies by Ripple have a great purpose to create a versatile community around XRP that will gear up the Ripple to the next level by bringing XRP tokens in different domains like gaming, micropayment etc.

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