Ripple's Xpring Starts Partnership With ex-President of BMG's Raised in Space Enterprises

    Looks like Ripple is having a good year so far. The company’s Xpring section, which a venture capital fund, has become a partner of Raised in Space Enterprises, a group that was founded by the ex-president of BMG, Zach Katz.

    During the announcements, Katz has affirmed that he also started a partnership with Scooter Braun’s Ithaca Holdings, according to Billboard, which also reported on this story.

    The investor, which has affirmed that there are two types of people, the ones that stick to the past and the ones who build the future, is looking for innovative solutions for the people in the music industry.

    He has affirmed that he wanted to investigate the intersection between music and technology for a long time now and that his daily job kept him from doing it, but that he will have that chance now.

    By using the technology of Ripple and the expertise of people like Braun, which has managed the career of famous people like Justin Bieber and Ariana Grande, Katz believes that he will be able to tackle the worst problem of the industry and help it to become something better in the future.

    The Plan Is To Invest In The Top Projects Only

    According to Katz, the company will only invest in proven entrepreneurs, not go on a major “spending spree”, which is something important in order to make the initiative work well.

    He believes that, by making big investments in people that they can trust, they can certainly obtain the best possible results. The investments are said to range from half a million to 5 million USD.

    Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Top Coin Price Watch (Feb 5th)

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Gabriel Machado
    Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    General Motors (GM) Files Blockchain-Based Map Network Patent for Autonomous Vehicles

    General Motors (GM) plans to build a self-updating navigation system on blockchain to allow use across “specific roads” on autonomous vehicles. In a newly...

    BTC Proposes a Greater Value Than Gold; $670M Transferred For 26 Cents Within Its Network

    Bitcoin’s value proposition in fund transfers is so far one of the most cost-friendly avenues to send money globally. A recent transaction within its...

    COVID-19's Impact On The Economy Claims Another Business as Cambrial Capital to Shut Down

    Cambrial Capital which focuses on a Crypto fund of funds is set to shut down its operations in the near future according to insiders...

    Apple’s New Intelligent Prevention Tracking (ITP) on iOS Threatens Burner Wallets Existence

    Apple’s recent upgrade on the Safari WebKit might soon phase out the convenience of burner wallets within the cryptocurrency space for its users. ...

    Galaxy Digital's Mike Novogratz: This Is The Year For BTC Or I Might ‘Hang Up My Spurs'

    Bitcoin proponent, Mike Novogratz is still “most excited” about the world's leading cryptocurrency but “if it doesn't go all out by the end of...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.