Ripple is planning to invest in projects, the organizers of which would like to use the XRP cryptocurrency in their products. This is reported by TechCrunch with reference to the statement of CEO Ripple Bred Garlinghouse.
According to him, Ripple continues to concentrate its efforts on the development of products for the banking industry, but this does not prevent it in passing to seek alternative uses for its crypto currency.
We, Ripple, will stay focused on solving that institutional use case, but we would certainly partner with companies that are looking to use XRP in lots of different ways.
As he said, the American start-up Omni perfectly fits into this plan. In January, Ripple and two of its executives invested $ 25 million in Omni, when the startup agreed to use XRP in its products.
The small popularity of XRP as a payment instrument with Ripple's close interaction with the traditional financial system has long been a source of discontent for critics. The assumption that payment services are in no hurry to integrate XRP because of the volatility of the crypto currency, Garlinghouse called "fake news".
He drew attention to the fact that the translation using XRP takes a few seconds - the probability of a sharp jump in the rate during this time is minimal. Nevertheless, the question of why banks use Ripple blockchain, but do not use XRP, remains open. Garlinghouse is confident that eventually everything will be set in order.