Ripple (XRP) Announces Xpring Incubator For Start-Up Businesses

On May 14^th, 2018, the Ripple team made the announcement that they integrated Xpring, which is pronounced the same as “spring.” Its purpose is to provide support with the various projects that are run by entrepreneurs, giving them the opportunity to invest, incubate, and acquire grants.

Each of the business owners that enrolls will use the Ripple XRP tokens. They will also focus their transactions on the XRP ledger, which is both open-sourced and decentralized. The goal of this transition from Ripple is to “solve their customers’ problems in a transformative way.”

Along with the introduction of Xpring, Ripple is also bringing in a new Senior Vice President named Ethan Beard. Though he has a history as a developer for Facebook from 2009 to 2012, he upgraded his experience to be an advisor for several different tech companies after. His experience at Facebook gave him experience as a developer, in operations, and as part of the marketing division.

Ethan Beard has said, “I love helping startups leverage new technologies and developments to grow. At Facebook, we saw companies in areas like gaming, music, and news use our platform to become big businesses. Blockchain and digital assets have the ability to solve important problems and XRP – with its speed, scalability, and demonstrated real-world use case – is a great tool for startups and entrepreneurs to build businesses around.”

Right now, there are already many entrepreneurs that Xpring has benefited. Some of those people include:

• Scooter Braun, who founded SB Projects and who is exploring ways to help their artists to monetize and manage their content
• Stefan Thomas, who invented the Interledger Protocol, created BitcoinJS, co-founded TxtBear, and who launched Coil to integrate XRP and the Interledger Protocol for small media purchases
• Thomas McLeod, who is the CEO of Ombi that wants to add XRP to their marketplace
• Bart and Brad Stephens, who co-founded Blockchain Capital together and who have put together the first fund that accepts capital calls in digital assets

Scooter Braun has expressed the opportunity that blockchain and digital assets have allotted artists. There is more available space for freedom in the industry. As Braun says, “This is only the beginning as we will continue to build out more use cases for XRP.