Ripple to Commit $500 Million To XRP Use Cases

Ripple to Commit $500 Million To XRP Use Cases

Crypto firm Ripple have revealed that they are planning to set aside $500 million with the aim to use it make their XRP currency more accessible in day-to-day life by implementing new use cases.

The move will be overseen by Xpring, an initiative set up with the specific goal in mind to improve Ripple’s overall ecosystem and XRP use cases. While exactly what these use cases will have not been specified, speculation is that the funds likely to go towards the furthering of set-ups already existing with payment services, such as MoneyGram and Coil, who they have previous form investing into.

It seems the move is a reaction to the last few months crypto investment activity. Whereby while many other cryptocurrencies have seen increases XRP has stagnated. As such, this looks like a bid to maintain their prominence, they will seek ways to become a more functional option in other areas.  

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