Ripple commits 1B XRP to developers grant programs, XRP price up 7%

The Ripple grants programs, which began last year, have completed the first two waves, and the third is expected to open on March 28.
Ripple seeks to further XRP adoption through sponsoring developers on XRPL.

Cross-border payment platform Ripple has announced committing 1 billion XRP to grant programs designed to accelerate XRPL’s development. According to the company through a press release, the fund will be released to the lucky developers through the next 10 to 20 years. With this announcement, the XRP price is set to benefit from more developers, and thereby users. 
Ripple seeks to further XRP adoption through sponsoring developers on XRPL. Moreover, the more developers on board, especially through two decades, the higher adoption of the asset. Notably, developers get to build decentralized applications that use XRP to pay for transaction fees.
Ripple and its grants programs
The company has committed to helping its community through grants to developers. Already, the Ripple

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