Ripple recently just released 1,000,000,000 XRP
so recently,Ripple which is actually a Popular payment based crypto company have recently just released up to one billion XRP from a particular escrow account,the one billion XRP is currently worth more than one hundred and fifty million dollars ($150million)based on the current price of XRP....... based on market capitalization,XRP is confirmed to be the fourth most valuable cryptocurrency........
the transaction was reported to be carried out in two different times which is 500 million XRP each...
a twitter user named "whale alert" actually monitored the movement.....you can check the tweet here
well right now the Ripple as a company do actually own more than fifty percentage of the total supply of XRP on the market, and during the late 2017, Ripple made a promise that they were not going to actually sell all of their tokens (XRP) which was available,and that is why they decided to actually keep up to more than fifty billion XRP in what could be called a "protected escrow accounts."
after which they now decided to really set up a plan to actually ensure that they do release about one billion XRP monthly which will be available for sale to be able to use them as an effective funding for its operations, and also to be able to really make investment on various startups of interest, and they plan to keep the rest in their escrow accounts.....
i guess decisions like this is what has made "Ripple" to be able to actually gain the attention of some major global banks which includes barclays bank ,standard Chartered bank and so much more....,
well i think many more investor might start showing interest in investing on ripple too....
Posted Using LeoFinance