San Francisco-based fintech company Ripple continues to pump XRP into a growing ecosystem of adjacent startups - despite an ongoing legal complaint alleging that XRP is an unregistered security.
Xpring also announced Thursday that it gave a 1 billion XRP grant to Coil for help building a community of "Creators, consumers and strategic partners," according to a press release.
The XRP granted to Coil came directly from "Ripple's balance sheet of XRP," according to Xpring Vice President Ethan Beard.
Automatically receive XRP payments or fiat bank transfers via dollars.
Riley Q told CoinDesk she's earned $3,400 worth of XRP so far.
Beard said he's not been given any limit or minimum when it comes to investing XRP directly from Ripple's own balance sheet.
Now armed with a deep crypto treasury of its own, Coil itself is set to become a second focal point of XRP distribution.
CEO Thomas said Coil is running a "Booster." program that pays XRP grants to top content creators on its media platform.
Puma Browser partnered with Coil to enable XRP payments for applications such as the mobile game Flood Escape.
The two-person Puma Browser team is currently courting investors to raise a round of its own, including Xpring and other funds in the XRP ecosystem.
Ripple to Give Away 1 Billion XRP in Massive Bid to Fund Online Content
gepubliceerd op Aug 15, 2019
by Coindesk | gepubliceerd op Coinage
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