Ripple The company has released its third quarter reports. According to reports, the company owns less than half of the total supply of XRP for the first time.
Ripple CEO Brad Garlinghouse commented on this development as a major ‘turning point’. As a result, this development was interpreted as clear proof that XRP has a ‘real benefit’.
Koinfinans.com As we reported, the claim that XRP is ‘centralized’ has often been discussed. The source of this criticism was that the Ripple company controls the majority of the token supply.
In mid-December, Ripple started releasing one billion tokens per month in an attempt to maintain price stability. 55 billion for this transaction XRP locked in wallets.
The company report dismissed criticism of centralization. It also stated in the report that it operates only four of the 130 existing validator nodes on XRPL Ledger.
Ripple Sold $310M in XRP In The Third Quarter
Ripple sold a total of $408 million worth of XRP in the second quarter. According to the latest report, the value of XRP tokens sold in the third quarter is around $310 million.
The company claims that it continues to sell the token only in conjunction with its on-demand liquidity (ODL) product. The ODL solution uses XRP to seamlessly bridge the two fiat currencies.
The company has not conducted any programmatic sales since February 2019. Total Ripple sales accounted for 0.42% of global XRP volume in the third quarter.
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