XRP Community Fund Becomes An Official Netherlands-Registered Foundation

Starting Sept. 9, the XRP community Fund has taken one step further than being just an idea or group of XRP ecosystem enthusiasts. It has now officially become a registered foundation.

XRPL developer, Wietse Wind announced the official incorporation of the XRP community Fund that is now registered in the Netherlands.

The goal of the foundation is to support the building of the XRP(L) ecosystem and the use of XRP for payments.

The fund was initially started by a donation from Wind and other XRP community members. This non-profit foundation will have eight original board members and three directors that can directly access the funds.

In the coming months, the team will decide on the rules and guidelines for the projects to be eligible for receiving funding.

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