Crypto

Ripple's Xpring announces a bright future for XRP

According to TechCrunch, Ripple is taking a step to expand the use of XRP to new segments beyond the company's focus on payment and banking

XRP today is just behind Bitcoin and Ethereum with a market share of around $ 30 billion , the world's third largest digital currency. However, a handful of pilots announced by Ripple are not being used outside of the customer.

However, things may change soon, with the announcement of a new initiative called Xpring, which aims to use XRP by Ripple's entrepreneurs and businesses.

Ripple, Xpring, and Ripple will lead the development program by leading the Facebook network of former executives of the developer network, Ethan, who will be responsible for developing the products and services for XRP in order to attract XRP to expand the use of XRP.

Eric van Miltenburg, one of the Ripple executives who spoke to TechCrunch, said, "We aim to support businesses that we think would benefit from investing in the XRP book. Support will be made in a variety of ways: investment, incubation, potential for purchase, or grants.

Miltenburg also said that Ripple was considered by companies wishing to work with the XRP for years, but that nothing had come out of the negotiations as Ripple focused on financial services.

Miltenburg and Beard stated that the most potential area for XRP is commercial financing, gaming, virtual goods, identity, real estate, media and micropayments.

On the other hand, in March, Ripple's CEO, Brad Garlinghouse,

The market share of XRP is expected to increase with the Xpring project

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