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Ripple Giving 1 Billion XRP to Developers to Accelerate Creation of New Use Cases on the XRP Ledger


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Ripple, the San Francisco-based cross-border payment firm, has announced that it is committing 1 billion XRP worth $800 million at current prices, to accelerate development and new use cases on the XRP Ledger.

According to a blog post, the 1 billion XRP is an extension to Ripple’s XRPL Grants program, which was launched in 2021 and has awarded $6 million in funding so far. The funding was received by over 50 open-source projects built on top of the XRP Ledger.

The blog post reads in part as follows:

“Getting started on the XRP Ledger (XRPL) should be easy, and scaling a project to real-world implementation shouldn’t be slowed by barriers to entry like capital, experience, and resource dependencies.

“That’s why Ripple is making a 1B XRP commitment to the XRPL Grants program: to provide long-term resources to support global developer projects built on the XRP Ledger, and continued commitment to fostering this community and supporting their work.”

https://timestabloid.com/ripple-giving-1-billion-xrp-to-developers-to-accelerate-creation-of-new-use-cases-on-the-xrp-ledger/

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