Ripple has been criticized for failing to attract banks to XRP, with its public customer base consisting of cross-border remittance services that are trialing XRP as one currency within their payment flows. Payments company Ripple is to use its financial success to help start-ups so it can develop more uses for its XRP cryptocurrency, the market value of which hit $ around $30bn in December before a crash bought it back to 128bn now. Randall Stephenson has already led a $25 m investment in San Francisco start-up Omni , which offers storage and rental services. At least six companies that raised money using initial coin offerings are also investing in companies that can use their products. Omni is aimed at banks and financial institutions but Ripple has been criticised for failing to get banks on board.
Payments company Ripple is to use its financial success to help start-ups so it can develop more uses for its XRP cryptocurrency, the market value of which hit $ around $30bn in December before a crash bought it back to 128bn now. Randall Stephenson has already led a $25 m investment in San Francisco start-up Omni , which offers storage and rental services. At least six companies that raised money using initial coin offerings are also investing in companies that can use their products. Omni is aimed at banks and financial institutions but Ripple has been criticised for failing to get banks on board.