Ripple invested in storage service Omni
Ripple has invested $ 25 million for Omni, a US-based storage system. Currently, cryptography is one of the allegations that money companies are often told to invest in 2018. This move proved the assertion. Omni is a company that provides warehousing services for people with limited space at home. You can even give your goods you are not using for rent.
This is not the first target for Ripple, of course. Ripple's main product, Ripple Coin, is XRP. The programmers keep their work on the development of this coin on the front panel. But this goal does not preclude a business deal with Omni. According to the information on the TechCruch site, Ripple did not directly invest in the company. Instead, Stefan Thomas (CTO) and Chris Larsen (executive director and co-founder) are working with current Omni investor Highland Capital Partners. Thomas and Larsen invested in the company with an unexplained amount of XRP when Omni was told to close in December.
Omline founder McLeon: "A step taken for reality"
The transferred funds will also be used for expansions in the second half of the year for which the company has planned for other cities
The company that provides storage service has accumulated USD 14.75 million fund with traditional investments to date. We can see that the steps taken with the last agreement are also very strategic and forward looking. But the company said they wanted to "not disclose the details of the alliance with Ripple".
In October, Ripple announced the incentive program, which promises financial institutions using tokens to spend $ 300 million on XRP. The value of the XRP has increased fivefold since then and has given Ripple an even stronger war. The explanation of this business deal with Omni came just after the partnership agreement with MoneyGram on the days when Ripple passed. A New York Times article found that more than 100 banks were using Ripple software, but not just MoneyGram and Mexican money transfer company Cuallix.
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