Ripple ( XRP ), an enterprise payment technology company. Plans to Give One Billion XRP Tokens to fund developers The newly announced grant is an extension of the company’s XRPL Grants program, launched in 2021.
The developer grant will focus on supporting open source projects on XRP ledger built for corporate remittance assistance. Ripple has built a solid footing in the Asia-Pacific region through its remittance technology that Use XRPL called RippleNet.
Ripplenet offers a real-time payment system, currency exchange, and money transfer network with the help of XRP ledger. The platform has partnered with hundreds of banks to create their own payment network.
Based on the current XRP price, the total grant value is approximately $794 million, of which the company has provided a total of $6 million in funding to more than 50 projects to date. and provide financial assistance including technical and business to developers who want to build on XRPL.
Ripple’s money transfer technology has become very popular in the past few years. This is due to the advantages of lower costs and faster transactions than traditional payments. According to recent reports, Ripple partners The Clearing House are in talks with Wells Fargo for an alternative to the SWIFT network.
Huge #XRP News!
Earlier I posted a video about a guy who revealed that Wells Fargo has been training on a #SWIFT replacement.
Now, I got an online service agreement update.from WF, talking about Real Time Payments by Clearing House, a #Ripple partner!
Strap in!
1/2 pic.twitter.com/PuYcrs5vnS
— Esoteric XRP
(@Naturalmed777) March 15, 2022
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