Ripple Launches 'Xpring' Initiative to Invest in XRP-Focused Startups
Ripple (XRP) has launched an initiative to help entrepreneurs get a better start in the blockchain business. The initiative, called Xpring, will invest in, acquire, and provide grants to "serious" projects and companies run by "proven" entrepreneurs, a company release states. The venture capital fund will only provide support to startups and projects that make use of the digital asset XRP and the open-source XRP Ledger, blockchain technology with which Ripple has built tools aimed at enterprise businesses. Ripple is down 5.59% over the past 24 hours and is currently trading at $0.699338. Ripple can be bought on exchanges such as CEX.IO, Changelly, and Binance.