Ripple: Acquires Swedish open source start-up Towo Labs

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Ripple: Acquires Swedish open source start-up Towo Labs

Ripple: Acquires Swedish open source start-up Towo Labs

  • Towo Labs aims to develop full XRPL support for Ledger Nano S, Ledger Nano X and Trezor T
  • Xpring described as an initiative by Ripple that will invest in, incubate, acquire
  • Ripple Labs Inc. itself develops the Ripple payment protocol and exchange network
  • Towo Labs also focused on the development of hardware wallet firmware with support for all XRP Ledger (XRPL)
  • The XRP Ledger a decentralised cryptographic ledger powered by a network of peer-to-peer servers
  • Xpring’s investment will also help accelerate Towo Labs second project aimed at developing a new version of the XRP Toolkit