Xpring, the investment arm of Ripple, has acquired the startup Logos.

Logos aims to increase the effectiveness of money transfer and develop decentralized financing solutions.

The Senior Vice President of Ripple, Mr. Ethan Bird, stated in an article published on Source That the partnership and acquisition that Ripple made towards “Logos” came with the aim of creating a valuable Internet.

He stated what he said:

When we got to know the team, it became clear that we share the same vision for the future of the blockchain and how digital assets can move like XRP.”

Thus, the recent acquisition aims to develop Decentralized Finance (DeFi) operations and solutions using the XRP token.

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The founder of the company, Michael Zochowski, will move to the Ripple office in New York City with his team, and Michael Zochowski will be tasked with developing DeFi products at Xpring.

In the past two years, Xpring has invested more than $500 million in projects that could simplify the adoption of XRP.

Among the latest financings made by Xpring is the financing of the CoinMe crypto ATM chain

As well as Coil, which works in the content industry, we have already mentioned all of this in separate topics:

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