Ripple obliges 1 billion XRP to grant programs, XRP price increased by 7 %

Von Sophie Müller

Wellness

Source: Terneymj - Shutterstock

  • The Ripple subsidies that started last year have completed the first two waves, and the third is expected to open on March 28th.
  • ripple tries to promote the introduction of XRP by sponsorship from developers on XRPL .

The cross-border payment platform Ripple has announced that 1 billion XRP for funding programs to accelerate the development of XRPL. According to a press release from the company, the fund will be released to the happy developers over the next 10 to 20 years. With this announcement, the XRP price will benefit from more developers and thus users.

Ripple tries to promote the introduction of XRP by sponsorship from developers on XRPL. The more developers on board, especially over two decades, the higher the acceptance of the assets. In particular, developers can create decentralized applications, use XRP to pay transaction fees.

ripple and its support programs

The company has undertaken to support its community with grants to developers. The Ripple scholarship programs have already completed the first two waves, and the third is expected to be opened on March 28th.

"The fund is an expansion of the XRPL Grants program, which was launched in 2021 and has so far awarded a total of $ 6 million of more than 50 open source projects that build on the XRP Ledger," said Ripple in .

XRPL is one of the long-term projects in the crypto industry. With a living community, XRP has been in the top 20 for years. There are advantages that developers can enjoy when creating apps on the XRP Ledger. Among them is the ongoing scholarship program. In addition, the XRP community has grown strongly worldwide, which ensures a rider market for developers

"The developer community has experienced enormous growth and a passion for the structure of the XRP Ledgers, which has only increased since the start of the XRPL subsidy program last year," said Monica Long, GM from Ripplex at Ripplle.

With this new expansion, we undertake to take part in the developer community in the long term. Since the community is growing and the infrastructure and app ecosystem matures, we are also happy to receive the opportunity for Ripplenet customers to benefit from the community offers and vice versa.

XRP price action

XRP is currently in sixth place with a market volume of around $ 37.9 billion. According to our data, the asset changed by $ 0.78. There are 48.121.609.012 XRP units in circulation of 100 billion in the overall offer.

In the past few weeks, XRP has been exposed to a possible fall by Terra Luna, which is very popular.

indeed, luna ranks with a market capitalization of 31.2 billion US dollar. In fact, the intelligent contract and the defi ecosystem are more alive with more competition.

remember that XRP is faced with a lawsuit submitted by the SEC. The case has supposedly pulled the XRP price down in the past two years compared to other digital assets.

Nevertheless, Ripple is located with the latest crypto-existent order of bidies that favor the development and development of technologies, at a higher point.


Source: Crypto-news-flash.com