Ripple, a blockchain based payment network has invested $25 million Blockchain Capital’s Parallel IV venture fund. Ripple already partnered with banks and other financial firm in recent month and feels high volatility. Chief Market Strategist at Ripple said :-
“We want smart people, and smart entrepreneurs, who can solve a problem using XRP,”
Ripple investment in the form of its XRP token worth $25 million. XRP ledger and interledger protocol are open source platform. This investment brings new uses cases for its XRP ledger and Interledger Protocol that will be used for blockchain startups.
Blockchain capital co-founder Bart Stephens said:-
“Whether it’s using XRP, bitcoin or just the underlying technology, our goal is to find the best projects and give them the resources to be successful companies that deliver value to customers for the long term,”
last month Blockchain Capital had raised $150 million dollars in its fourth funding round in addition to this $25 million Investment By Ripple. Ripple’s cryptocurrency XRP find attention when it hits a record high of $3.84 in January, 2018 and people are curious about to know xrp.