#XRP News: #Ripple Continues To Add International Partners


Ripple has had no problem when it comes to establishing high-profile partnerships, and it appears as though that trend is only continuing. The San-Francisco based technology company, founded in 2012, has had quite the year, and recently has made some strategic partnerships with companies all around the world. Earlier this year, Ripple announced that they wanted to invest in businesses with “proven entrepreneurs” through an initiative called Xpring, which is ultimately meant to fund and embolden entrepreneurs who plan on joining the XRP ecosystem. Co-founded by Stefan Thomas, a former CTO of Ripple, and Thomas Macleod, Omni was one of the companies funded through Xpring. Omni also has Chris Larsen, Ripple’s co-founder, on its board of advisors.The startup now allows users to accept XRP, which is significant because this is the first time an individual can actually receive XRP outside of any exchange.Omni, based in the Bay Area, aims to capitalize on the sharing economy phenomenon by allowing users to share and rent out items. It is marketed as an “on demand storage company.”The company believes that users will benefit by earning money from items that they don’t particularly need, and encourages them to live “lighter.” The sharing economy has certainly heated up the past decade, responsible for some of the most successful startups in the country, such as Uber and Airbnb, both of which are valued in the billions.Both Thomas and Larsen have invested an undisclosed amount of XRP into Omni during a $25 million round of funding earlier this year, and the company had declined to disclose the exact nature of its alliance with Ripple.

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