Ripple Reports Selling Just $13M of XRP Last Quarter
Ripple sold $13 million in XRP last quarter – down 80 percent from its Q3 sales of $66.24 million.
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About
XRP is known as a Real Time Gross Settlement System which is a ‘currency exchange and remittance network’ that independent servers validate. The currency traded is known as XRP and transfer times are immediate. XRP can be exchanged for most other currencies with its USP being the avoidance of fees and wait times often associated with banks. It isn’t made up of a blockchain but rather a Hash Tree and its currency can’t be mined because there are a finite number of coins – one hundred billion. XRP is popular with banks and institutions though the XRP token isn’t necessarily required for each transaction.
Blockchain 101XRP
XRP Sees Flash Crash and Quick Rebound on BitMEX
Feb 13, 2020
XRP, the native asset of San Francisco-based Ripple’s XRP Ledger, saw a flash crash on Hong Kong-based derivatives exchange BitMEX on Thursday.
Intermex has said it will use use RippleNet for its U.S.-Mexican remittance corridor.
A lawsuit claiming Ripple violated U.S. securities laws will be allowed to move forward – though with a caveat favorable to the San Francisco-based payments firm.
XRP will have another lackluster year in 2020, Galaxy Digital CEO (and Ripple shareholder) Mike Novogratz told a roomful of financial advisers.
Japan's crypto-friendly financial firm SBI Holdings will give shareholders the option to receive the XRP cryptocurrency as a benefit.
