Earlier this month, Ripple made an announcement in which highlighted the start of a new initiative by Ripple, designed provide investments to businesses that could see benefits from an integration of the XRP Ledger. Theoretically, Ripple want to use Xpring to provide growing businesses the opportunity earn investment through and integration of their services within the Ripple blockchain. This will use blockchain technology and digital assets to provide support to businesses invested, by Xpring.
According to Ripple:
“Xpring is a new initiative by Ripple that will invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs. Every entrepreneur will use the digital asset XRP and the XRP Ledger, the open-sourced, decentralized technology behind XRP, to solve their customers’ problems in a transformative way.”
“As a major contributor to the XRP Ledger codebase and large holder of XRP, we often hear from entrepreneurs and developers that they’d like support in one form or another to help them with their XRP-related projects. As one of the few blockchain companies with traction for a non-speculative use case, we feel we’re uniquely positioned to support entrepreneurs in a meaningful way.”
See the full press release by Ripple for yourself, here-
Now as you can see, from the outset, the aim of Xpring does seem to swing towards new start-ups and new businesses that could benefit from an integration within the XRP ledger. However, if you take to the Xpring website, the sentiment differs somewhat:
“Xpring supports businesses that would see material benefit from building on the XRP Ledger. The initiative will invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs that use the XRP Ledger and the digital asset XRP to solve their customers’ problems in a transformative way.”
The idea of a ‘proven’ entrepreneur sounds very different to that of an entrepreneur who is involved in their first start-up project. Whilst it does seem like there is some contradiction here, overall, the latter statement does at least seem to suggest that Ripple are happy to invest in any company that is willing to use XRP as an asset. Apple Pay could indeed, be one such company.
Of course, this is very speculative. There’s not official announcements from Apple or Ripple, however, the rumour mill at the moment is rife. Its easy to see the inherent benefits for an Apple Pay x Ripple Xpring integration, the pair will make a lot of money from it and also, XRP would see a huge boost towards adoption. Moreover, Apple’s customers would have access to a great asset and importantly, Apple would also have a new selling point, giving crypto-fanatics a really big reason for buying their products.
Will it happen? Who knows, we can’t be sure. Could it happen? Yes of course, and it would be an incredible move. For now, though, the important thing to watch is the progression of Xpring. Once that gets big, the possibilities for Ripple could be endless.