OMNI CEO Discusses Xpring and How XRP Integration is Changing the World in New Interview


Ripple and OMNI have been leaning towards collaborating on to some capacity for a while. A recent interview on Ripple’s official YouTube channel allowed the platform to feature Tom McLeod, which is the CEO for OMNI. The two have been working closely together as XRP has been helping the platform to offer liquidity to users.

During the interview, McLeod talked about XPring and how it will help with the major changes in the world that the CEO wants to motivate. As McLeod puts it,

“XPring is long-term believers in the world that we wanna see and the world that we’re building towards, and that’s key to the mentality that XPring sorta revolves around, how they are thinking about participating with companies and seeing them grow.”

Another topic that arose in the conversation was about the motivation behind the company to have already come so far. He discussed the concept of a rental service that has helped, though the original plan was just to offer storage and collect assets. At this point, with the growth that the platform has experienced, they have been working on a rental marketplace.

McLeod believes that anyone can use what they have to connect with the world for both practicality and profit. Explaining, he said,

“So if you have a bike and you’re not using it, someone else can use it when you’re not using it. And now you can also make money on top of that. And so, it becomes an entire system. We say internally it’s almost like air bnb meets DropBox for everything.”

When the incorporation of XRP onto their services came up, the CEO spoke on the necessity for liquidity as the primary driving force. In his mind, OMNI could ultimately act as a bank, though equipment, books, and other rentable items are deemed assets. In his perspective, XRP’s ability to offer fast cash helps them with the rental support.

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