Ripple Pledges $500 Million to ‘Create Real Use Cases for XRP’

In under 12 months, according to Ethan Beard, an executive at Xpring, an initiative created to improve the Ripple ecosystem and create use cases around XRP, Ripple has committed more than $500 million.

In the upcoming months, Beard stated that Xpring will invest in various open source protocols, developer projects, and large scale partnerships related to XRP to develop more “real use cases for XRP”.

Throughout the past several months, despite positive developments and deals especially in the Asia crypto market, the price of XRP, the native crypto asset on Ripple’s blockchain network, has been stagnant in comparison to other crypto assets like bitcoin.

Reference: https://www.ccn.com/crypto/ripple-pledges-500-million-real-use-cases-xrp/2019/07/02/

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