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

[solodeji]

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/

[retryW]

Damn... Maybe it's time to get back in this space.

Pretty awesome to see how much they are willing to invest in community developers despite being in the middle of an insanely expensive law suit that also threatens to cripple the ecosystem.