Ripple/XRP (a cryptocurrency company) just granted 200k USD to Social Web Foundation, "...to research sustainable revenue and operating models for digital publishers and community-run platforms":

https://interledger.org/news/interledger-foundation-awards-200000-social-web-foundation-support-decentralized-social-media (archived)

This means they will be able to influence the development of the ActivityPub specification at W3C.

For those who don't know: Interledger, WebMonetization and OpenPayments are basically the same thing, these projects were created by Ripple ~10 years ago in order to insert their cryptocurrency and related payment services into web standards. These projects are sometimes presented as independent, but this is a lie, they are not (not in 2019, not in 2025).

Needless to say, Ripple itself is a borderline scam: https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/. It's not even a cryptocurrency really, their infrastructure is completely centralized and no one in cryptocurrency space takes them seriously. But they have a lot of money to bribe people, so I am sure that we will hear more about their adventures soon.

RE: https://socialwebfoundation.org/?p=99982