• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news

Ripple Invests In Startups That Adopt XRP

Ricardo Esteves by Ricardo Esteves
3 years ago
in Cryptocurrency news
Reading Time: 2min read
Ripple
Advertisement

Ripple, the blockchain-based payments company and creator of the XRP crypto coin, wants to invest in startups and technology companies to develop more uses for XRP.

Ripple CEO Announces Startup Investment Strategy

XRP is only behind Bitcoin and Ethereum based on market cap, with a total of $30.5 billion as of writing, about half of Ethereum and a fifth of Bitcoin. Having peaked to $128 billion market cap during the cryptocurrency rush in late 2017, XRP lost value in the subsequent market crash and has also come under fire for a perceived lack of use as it attracts only cross-border payment services as customers.

Brad Garlinghouse, Chief Executive Officer of Ripple spoke to TechCrunch on the sidelines of Money2020 in Singapore:

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

“We, Ripple, will stay focused on solving that institutional use case, but we would certainly partner with companies that are looking to use XRP in lots of different ways”.

On account of those plans, Ripple and two of its executives led a $25 million investment in Omni, a San Francisco-based startup that offers storage and rental services for goods. Omni will be introducing XRP within its service. “You should expect that you’ll see more of those,” Garlinghouse added.

Garlinghouse Believes Banks will Eventually Adopt Ripple

The new strategy of putting money into micro-payments and marketplace companies that could use their product or platform is a reminder that Ripple is diverging from its core value proposition: a cryptocurrency that banks and financial institutions will use.

The CEO of Ripple is not yet worried about the lack of adoption by banks as he believes it will take time but change will come. Having founded VoIP company DialPad, which was acquired by Yahoo and has become standard, Garlinghouse reminded the audience that current AT&T chairman Randall Stephenson once said it would never take off.

Ripple has been criticized for failing to attract banks to XRP, with its public customer base consisting of cross-border remittance services that are trialing XRP as one currency within their payment flows.

On stage at Money2020, Garlinghouse used U.S. President Donald Trump’s expression “fake news” to dismiss concerns around volatility in XRP for payment services. He argued that the bumpy highs and lows of crypto wouldn’t impact a sale directly because payment completion takes only a number of seconds.

Banco Santander has debuted Ripple’s international payment system in February and introduced the service in four countries simultaneously, with full transparency on fees and FX upfront.

Tags: Brad GarlinghouseRipplexrp
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Ricardo Esteves

Ricardo Esteves

Related Posts

Is Amazon About to Accept Dogecoin? The Payment Use Case Explored

Is Amazon About to Accept Dogecoin? The Payment Use Case Explored

2 hours ago
Coinbase Addresses Future Revenue Concerns With Plans to Become Crypto’s Amazon

Coinbase Addresses Future Revenue Concerns With Plans to Become Crypto’s Amazon

14 hours ago
Cardano ADA ADAUSDT

This is Why Cardano Has Seen a “Huge” Spike in Developer Interest

17 hours ago
Sushiswap SUSHI

How SushiSwap’s New Products Could Propel It To The DeFi Top

18 hours ago
Terra LUNA LUNAUSDT

Why LUNA’s Recent Rally Could Be The Start Of A Bullish Trend

19 hours ago
Dogecoin Holds Strong Against Weekend Flash Crash, What is Happening?

Dogecoin Holds Strong Against Weekend Flash Crash, What is Happening?

1 day ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

Fly to the Moon and Win One of Three Tesla Cars with New Bitcasino Game, Live Crash

April 19, 2021

Cryptocurrency Exchange Gate.io Celebrates 8th Anniversary

April 20, 2021

eToro Adds Chainlink and Uniswap Amid Investor Surge For Crypto

April 19, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Invest BTC
  • Join STC ICO

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.