• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
Ripple

Ripple Distributes 1 Billion XRP In Developer Grants, As Chief Developer Resigns

Christian Encila
by Christian Encila
3 years ago
·
Posted in Crypto News, Ripple
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As part of its ongoing commitment to ecosystem expansion, popular blockchain company Ripple is distributing 1 billion XRP tokens to developers that build on its payment-focused ledger.

At the moment, the tokens have a market valuation of nearly $790 million.

Late Thursday, XRP price was at $0.795389, with a 24-hour trading volume of $2,416,871,021. The cryptocurrency has gained 2.70% during the last 24 hours.

XRP is now ranked sixth on CoinMarketCap, having a market cap of $37.7 billion.

Related Article | Scam Victim Gets Back Bitcoin Worth $500K From U.S. Authorities

Ripple Grant For The Next Decades

According to various sources, the San Francisco-based blockchain organization wants to completely disperse the assets among developers during the next 10 to 20 years.

Ripple has previously undertaken similar efforts to grow the XRP ecosystem.

In 2019, the company’s offshoot dubbed Xpring presented a 1 billion XRP donation to web monetization service Coil for the purpose of establishing an ecosystem of developers, businesses, and non-for-profit groups that will utilize its native coin.

Additionally, in October of last year, Ripple gave $2 million to around 25 software engineers building on the XRP Ledger.

Some 50 open-source projects received financial support totaling more than $6 million through the program.

Related Article | India Thumbs Down Crypto, To Launch CBDC Instead

XRP total market cap at $38.12 billion on the daily chart | Source: TradingView.com

Ripple’s Strong Foothold

The blockchain giant has established a strong presence in the Asia-Pacific zone with its RippleNet remittance technology, which is based on XRPL.

RippleNet is a decentralized worldwide network of banks and payment companies that makes use of Ripple’s distributed financial technology to enable real-time gross settlement, messaging, and clearing.

The money transfer platform has teamed with hundreds of institutions to develop its own payment network.

According to Monica Long, general manager of RippleX, the developer community has shown “significant growth and passion for building on the XRP Ledger” that has only expanded since the XRPL Grants program debuted last year.

Head Developer Quits

Meanwhile, the latest developer grant announcement comes on the heels of Matt Hamilton, the company’s Principal Developer Advocate, announcing his resignation.

Hamilton bared his departure in a blog post, citing “personal issues.” He acknowledged that this choice may come as a surprise, but Friday will mark his final day with the company.

Hamilton formerly worked for IBM and HP and joined Ripple in January to work on building the XRP ecosystem.

In another development, a recent document published by attorney Jeremy Hogan in a tweet indicates that Ripple anticipates concluding its court battle with the US Securities and Exchange Commission between August 26 and November 18, this year.

Featured image from Block Telegraph, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 4)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 4)

8 minutes ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 4)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 4)

8 minutes ago
crypto

Crypto Adoption 2025: India, US, And Pakistan Secure Top 3 Spots In Global Index

6 hours ago
bitcoin

US Bancorp Resumes Bitcoin Custody Services After Three-Year Pause – Details

7 hours ago
Crypto

SEC And CFTC’s New Joint Crypto Initiative–What You Need To Know

8 hours ago
Ripple

Ripple Vs. SWIFT Battle Heating Up As Exec Lands Major Blow To XRP

16 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • MemeCore...

    4 hours ago
  • XRP is expected to break through $7. APT Miner helps...

    11 hours ago
  • miner

    Expectations of a Federal Reserve rate cut and demand for...

    15 hours ago
  • miner

    BlackRock suspends XRP listing, price faces resistance...

    15 hours ago
  • miner

    The September Curse Returns: How Crypto Investors Can...

    15 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.