Crypto payment giant Ripple, which came to the fore with lawsuits and allegations, announced that the amount of XRP in its treasury fell below 50% of the amount in circulation in the third quarter.
Ripple Labs October 27 published its financial reports for the third quarter of 2022 on its official website.
The highlight of the report amount of XRP held by the company the amount in circulation 50% of it was under. Experts say the situation is Ripple’s adoption in payment systems. pointed out that he could point.
Ripple CEO Brad Garlinghouse made the event a sign for the company. turning point He stated that this is a sign that XRP is a real use case.
One of the highlights of the report was the response to the allegations that Ripple has an implicit centralized system and that it undermines the democracy of the system with the majority of votes. The company states that Ripple Ledger adopts a democratic system, that every validator node, regardless of the amount of XRP owned. one vote and that Ripple Labs is currently Only 4 of the 130+ validator nodes announced that it is active.
company in financial reports decreased net saleson the other hand increased on-demand liquidity sales (ODL) Besides increased total purchases seen.
