November 1: Xpring acquires Strata Labs

by | Nov 5, 2019

Strata Labs is a startup focused on building infrastructure and real utility at the intersection of fintech and cryptocurrencies. Strata Labs builds tools to empower companies with the power of currency agnostic micropayments.

Austin King and Dino Rodriguez (Strata Labs founders) first had contact with Xpring through the Boston tech community and Evan Schwartz in particular (co-creator of Interledger (ILP) and engineer on the Xpring team). The Xpring team was impressed with their entrepreneurial track record. As they got to know them more, they found a lot of alignment in their visions for how money should work and ILP’s potential to enable an Internet of Value.

On November 1st Xpring announced the acquisition of Strata Labs.

According to the announcement:

We are acquiring Strata Labs and officially welcoming Austin and Dino to the Xpring team where they will be based in our San Francisco office. Similar to the ethos here at Xpring, Strata is keenly focused on open-source projects and scalability. As we continued our collaboration on ILP, we realized the resources Strata developed around node operations and scalability were clearly tools that the entire ecosystem should benefit from and have access to. Even further, Austin and Dino already felt like a part of our team.”
“Strata’s focus on developing and operating node infrastructure and services for the ILP network has enabled some of the first truly Internet-native micropayments, with more than 10 billion transactions flowing on the ILP network for applications such as Coil and 
Stronghold. We plan to open source the proprietary code from Strata’s infrastructure to allow all developers to use it for their own projects and make the ILP network more accessible.”

Latest News

Ripple and XRP growing in Asia/Middle East. Unofficial Asia/Middle East map of RippleNet and ODL!

November 16, 2021
Ripple and XRP growing in Asia/Middle East. Unofficial Asia/Middle East map of RippleNet and ODL!

Ripple CTO hints at Bank of America XRP usage

November 14, 2021
Ripple CTO hints at Bank of America XRP usage

SEC and its double standards for crypto. Jed vs Ripple sales compared: shocking results

November 7, 2021
SEC and its double standards for crypto. Jed vs Ripple sales compared: shocking results

New Ripple product coming in 2022: Liquidity Hub

November 4, 2021
New Ripple product coming in 2022: Liquidity Hub. It will enable enterprise companies to easily and efficiently source digital assets from the broader crypto market, by leveraging smart order routing at optimized prices from MMs, exchanges, and OTC desks.

RippleNet committee member and Ripple partner acquires 51% stake in ODL partner exchange

November 3, 2021
RippleNet committee member and Ripple partner acquires 51% stake in ODL partner exchange