Ripple Invests $25m in Blockchain Capital Fund

Ripple Invests $25m in Blockchain Capital Fund

Altcoins
April 11, 2018 by Bitzamp
262
Ripple Invests $25m in Blockchain Capital Fund Blockchain Capital is the first fund dedicated to blockchain space and is also the first to accept capital calls in digital assets. Blockchain provider, Ripple, announced today of making $25 million in Blockchain startup. Also Read: Ripple (XRP) Announces Its Plans On Investing In Startups As the potential
Bitzamp

Ripple Invests $25m in Blockchain Capital Fund
Blockchain Capital is the first fund dedicated to blockchain space and is also the first to accept capital calls in digital assets. Blockchain provider, Ripple, announced today of making $25 million in Blockchain startup.

Also Read: Ripple (XRP) Announces Its Plans On Investing In Startups

As the potential uses of blockchain and digital assets extend beyond financial services and are better understood, this is the potential for innovation.
Blockchain Capital focuses on investing in entrepreneurial teams that build businesses on blockchain technology. Given Ripple’s focus on payments, the investment in Blockchain Capital allows Ripple to engage with entrepreneurs and companies focused on other use cases, including those that use the XRP Ledger and the Interlerger Protocol.

XRP funds have been selected to recognize Ripple’s investment in XRP, “said Fortune, Blockchain Capital spokesperson.
In a statement today, co-founder and managing partner for Blockchain Capitals Bart Stephens said:

“Whether it’s using XRP, bitcoin or just the underlying blockchain 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.”

Patrick Griffin, SVP, Strategic Growth, Ripple: “This is the first fund that we’ve contributed to, and it won’t be the last. We plan to be major players in shaping the future generation of blockchain or crypto companies.”


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