Ripple’s Xpring has invested $500 million in more than 20 companies in the blockchain space, with the ultimate goal of building out an ecosystem focused around the cryptocurrency XRP.

The coin is mostly used for cross-border payments but Ethan Beard, SVP of Xpring, argues that it can be used for much, much more. “Our goal at Xpring is to make it easy for developers to build projects that create real use cases for XRP,” he wrote in a blog post.

We believe a tech stack for crypto that is broadly interoperable across chains and layers will deliver the best experience for both developers and end users. We support the Interledger Protocol as a standard for transacting across systems, and are interested in other infrastructures that allow for cross-chain interaction.” wrote Ethan Beard, SVP of Xpring,

All these investments come with the hope that the usage and value of XRP will raise and increase users from the crypto market.

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