Why Do Ripple's Xpring and Coil Scare the Other Projects So Much?
Xpring and Coil will play a part in giving Ripple XRP the use-cases and mass adoption the other projects lack.
Another cryptic picture surfaced this week from Bearableguy. Who is this guy, that he can know so much? Is he a Ripple insider? Is it David Schwartz, Chris Larsen, or Brad? And what does this mean?
It must surely be a reference to Ripple's new projects, probably Xpring, possibly Coil as well and the fear these projects are spreading amongst Ripple's competitors, along with the FUD about these projects from Coindesk? (screw those guys! Criticism from Coindesk is better than praise from anyone else)
Ripple will use Xpring in a similar way to the RippleNet Accelerator Program in order to fund entrepreneurial projects on the condition that they will use XRP and this will be one part in the RippleNet ecosystem that helps to stimulate the growth and development of XRP and the XRP ledger.
Xpring will have its own dedicated team, offering support to all projects selected to be part of Xpring.
This team is currently evaluating over 100 applications from companies and projects, but all those applicants hoping to be part of Xpring will have to impress "At Ripple, we want to act as a proverbial spring for the most serious ones — making sure they have the key essentials to grow their businesses and prosper."
Xpring will extend Ripple's XRP use cases beyond global cross-border payments to industries such as real estate, insurance etc;
In some cases, Ripple will be taking a stake in the companies that join Xpring, even seats on their board. This sounds like the BBCs Dragon's Den;
The concept of Coil has similarities to BAT, as this project states the need for an internet experience that isn't reduced to a slow crawl by adverts as a consequence of having our attention sold and the use of micropayments to support content creators and users.
The man behind Coil is Stefan Thomas, the CTO of Ripple, who will be stepping-down from this role to fulfil this concept and he will be taking former developers with him to form his Coil team.
Whilst Coil is not quite the innovative and ground-breaking concept it purports to be, it does have the obvious benefit of using Ripple's technology and the XRP ledger;
Both Xpring and Coil will be part of the Ripple ecosystem, helping to improve the development, adoption, volume and liquidity of XRP, which currently comes mainly from speculators, whilst moving Ripple towards the market-separation it craves and this is the thing that Bearableguy believes is scaring the other projects in the cryptosphere.
Sources;
https://medium.com/coil/coil-building-a-new-business-model-for-the-web-d33124358b6
https://ripple.com/insights/welcome-to-xpring/
https://xpring.co/faq/
https://xpring.co/
perfect ,,, i like with successful people like you. !! thanks.
Great post. As much as some hate Ripple, I believe XRP has a bright future. Followed and resteemed.
Thank you for your comments and resteeming my post.
Excellent, well researched post on XRP. How did I miss this?
Thank you. Who knows whether any of the cryptos will succeed in the long-run, but if any of them do, then XRP is one of the strong favourites, imo.
Agreed
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