Will Ripple Dump 25% Of Its 45 Billion XRP Holdings Soon? Here’s The 411
Ripple currently controls a staggering amount of XRP, and now questions from market experts are mounting over whether the crypto payments company may be forced to sell 25% of its 45 billion token holdings. Analysts suggest that a possible selloff could have major implications. At the same time, they question the pathways through which Ripple […]
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Crypto firm Ripple is reportedly set to raise up to $1 billion to set up an XRP treasury firm. The firm is notably the largest XRP holder and plans to contribute some of its holdings to this proposed venture. Ripple To Raise $1 Billion For XRP Treasury According to a Bloomberg report, Ripple is leading […]
Ripple. Ripple is a protocol designed to increase the speed and reduce the costs of international monetary transfers. To protect the network, Ripple users must hold a small amount of the platform's native currency, known as XRP. In addition to preventing abuse and securing the network, XRP serves as a bridge currency between any other currency within Ripple. Recently, the XRP price has surged-doubling its USD value in November alone. Ripple breached the 1 billion USD market cap range, but has since been dumped back to lower levels. Also read: Ripple Labs Cracks U. S. Banking with New Deal.....
Ripple is reportedly trading at a $2 to $3 billion valuation but its XRP holdings are worth around $70 billion. The equity of Ripple, the company that builds the infrastructure around XRP — the digital asset used by networks like RippleNet to process cross-border payments — is reportedly trading at $2 to $3 billion in the secondary market.Yet, the XRP holdings of Ripple, are reportedly worth $70 billion, which is many times higher than the valuation of the firm's equity.Returns over last year... Cardano $ADA: +3,290% BinanceCoin $BNB: +3,058% Polkadot $DOT: +1,353% Ethereum $ETH: +1,171%....
Ripple, a provider of financial settlement solutions, and SBI Holdings, Inc., a financial services company, have partnered in launching a new company, SBI Ripple Asia, to serve China, Japan, Taiwan, Korea and ASEAN countries. SBI Ripple Asia will establish a sales and engineering group to sell and install its enterprise solutions for cross-border payments at banks. The 2015 World Payments Report notes that non-cash payments in China, Japan and South Korea exceeded $145 billion in 2013, with further growth expected, Ripple noted in its announcement. Ripple will continue to operate its....
Photo by _Mo. Ripple Labs has weathered a difficult week that seemed like it could only get worse. The company's co-founder publicly announced he was liquidating his XRP holdings, which caused investor panic and caused the price of XRP to drop over 50%. Soon after, a prominent Ripple board member resigned from the company, leaving behind some strong words for the Ripple leadership team. The company responded by sending him a cease and desist letter, which he posted online alongside an emotionally charged response. It seemed as though Ripple Labs was headed for a messy legal battle, which....