Ripple Investing $100 Million to support Blockchain Gaming Development

Enter The Crypto > Cryptocurrency News > Ripple Investing $100 Million to support Blockchain Gaming Development

Ripple will be investing $100 Million to support blockchain gaming development. The investment comes via Ripple’s new initiative, known as Xspring which will invest in companies, and entrepreneurs with serious blockchain ideas.

Ripple is known for its work in the financial industry, however this new initiative shows that the company is keen to branch out on all areas of blockchain development. Xspring focuses on the use of Ripple’s XRP, which will be received as good news for those who fear that XRP will have no real use case.

Every entrepreneur will use the digital asset XRP and the XRP Ledger, the open-sourced, decentralized technology behind XRP, to solve their customers’ problems in a transformative way.

Ripple

The gaming industry is extremely big and whilst full blockchain adoption is likely to take a while, it may solve payment issues, in app purchases etc in the short term with games fully run on the blockchain in the future. Gamers are usually tech savvy and always look for the latest technology to improve their gaming experience; therefore it is certainly an area where blockchain technology would be accepted more readily.

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