Ripple’s Director Explores A Side Project That Could Mix XRP And The Music Industry

Ripple and XRP have been enjoying increased adoption, and various other achievements, and the trend seems to continue.

The San Francisco-based company has also been making increased efforts to boost the XRP ecosystem.

More than that, the use cases for XRP seem to pile up as well these days.

Blending XRP and the music industry

Now, Ripple’s director of products, Craig DeWitt, said that he is exploring a side project that would blend XRP and the music industry.

DeWitt believes that his platform would help musicians monetize and sell their music in exchange for XRP.

“Now that the Xpring SDK has launched, I’m working on a XRPL side project! Any musicians or podcasters interested in selling their stuff for XRP direct to their address? I’m thinking about building a site that allows mp4 downloads for direct XRP donations to the creator,” he said.

It’s also worth mentioning the fact that Ripple’s fundraising and development arm Xpring has invested in Raised in Space Enterprises.

You may recall that this is a California-based company that is looking to bring blockchain and crypto to the music business.

This is not the only crypto-entertainment move that has been popping up in the year 2019.

Ripple boosts XRP with a new move

In other news, Ripple is boosting XRP with new investment as it’s been reported not too long ago.

The firm is now investing in a company that targets simplifying crypto wallets.

This is the Swedish startup Towo Labs, and it’s getting funds from Xpring, Ripple’s investing arm, as you probably know by now.

Marcus Alvila, the startup’s founder, confirmed the news.

He said: “With full XRPL support among the leading hardware wallets, transactions can be prepared from untrusted devices and applications — for example, over the web — before being reviewed and securely signed inside a hardware wallet.”


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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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