Move Over, Bitcoin. CrossCoin's New Accelerator Bets On The Ripple Ecosystem
Startups accepted into the accelerator program will receive up to $50,000 in XRP, Ripple's native currency, and will work to advance the Ripple ecosystem.
Bitcoin might steal the limelight when it comes to virtual currencies, but it's also experienced a spate of bad press lately. Japanese exchange Mt. Gox declared bankruptcy, Bitcoin bank Flexcoin shut down, and BitInstant CEO Charlie Shrem was arrested on money-laundering charges. With all this tumult, some entrepreneurs are hedging on another digital currency ecosystem: Ripple.
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