Xpring provides a solution to startup companies and entrepreneurs who want to form a company or project in the blockchain industry. The goal of Ripple’s initiative is to provide seed capital to these companies by providing them with their digital asset XRP and the XRP Ledger.
Ripple has repositioned Ethan Beard, the current Senior Vice President, to now lead Xpring and Ripple’s developer program. In the past, Beard had worked for tech-giant Facebook as the Director of Facebook’s Developer Network spanning from 2009 to 2012.
Ethan Beard had this to say about Xpring from Ripple’s official blog post: “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 it’s speed, scalability and demonstrated real-world use case – is a great tool for startups and entrepreneurs to build businesses around.”
Current entrepreneurs that Ripple made mention of that will use the Xpire program will be:
- Scooter Braun – Entertainment and Talent Manager (Currently manages Justin Bieber)
- Stefan Thomas – Inventor of the Interledger Protocol (ILP) and Creator of BitcoinJS
- Thomas McLeod – Serial Entrepreneur, Co-Founder and CEO of Omni
- Bart and Brad Stephens, Co-Founders of Blockchain Capital
Xpire has already received 100+ inquires and counting. It will be exciting to see what Ripple will help form utilizing the XRP ecosystem.