Ripple Aims to Make Investments in Startups That Will use XRP Cryptocurrency
Payments firm Ripple announced that it intends to invest in technology startups to broaden the scope of XRP - its' cryptocurrency which is presently the third biggest digital coin behind ethereum and bitcoin, relative to total market capitalization.
In January and December, XRP rose in value after a crypto market surge that involved bitcoin reaching almost $20k per coin. Collectively, the value of XRP was over $128 billion at its' highest, prior to a January market slump that diminished that value substantially. Now, the coin has a $30 billion market cap, however Ripple has been criticized for XRP's apparent lack of use. Originally, this was advertised as a banking tool, but it has only attracted overseas payment services as clients.