Ripple’s Xpring Acquires Payment Platform Logos Network to Pursue DeFi

Ripple’s Xpring Acquires Payment Platform Logos Network to Pursue DeFi

Ripple, the San Francisco-based startup behind the third-largest asset on the crypto market, XRP, has acquired payments platform Logos Network to develop decentralized financial (DeFi) products.

Per a Sept. 27 blog post, Ripple’s Xpring initiative, the company’s investment arm, has onboarded Logos Network. Logos Network is a distributed ledger-based payment platform that focuses on speed and scalability.

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