NEW!Incredible offer for our exclusive subscribers! Read More
Altcoins

Ripple's XRP Sales Grew 97 Percent in Q1

1 Mins read

Distributed ledger tech provider Ripple increased its XRP sales by 97 percent in the first quarter of 2021, according to its recently published quarterly report.

cryptonews.net

The San Francisco-based company sold a total of $150.34 million worth of XRP in Q1. It attributes the increase to “deeper engagement” with customers who use its XRP-powered On-Demand Liquidity (ODL) product for cross-border payments:

Ripple continued to engage in sales to support ODL and key infrastructure partners as part of providing increased XRP liquidity to improve the ODL experience of certain customers, eliminating the need for pre-funding and enabling instant global payments.

In December, the U.S. Securities and Exchange charged Ripple with conducting allegedly illegal XRP sales to the tune of $1.3 billion, kicking off a long-lasting legal battle.

Related posts
AltcoinsBTCCryptoETHMiningOther

Coins-bit.net protects your money

1 Mins read
Coins-bit.net, it is at the forefront of the cryptocurrency industry By Coins-bit.net analyst For instance, Coins-bit.net it is at the forefront of the cryptocurrency industry…
AltcoinsBTCCryptoETHMiningStock

Will Cardano Lose This Critical Support? Here’s the Next Bearish Target (ADA Price Analysis)

1 Mins read
Cardano’s price continues its downtrend and seems about to fall below a critical support level that may take ADA below 40 cents. Key Support levels: $0.42, $0.38    Key Resistance levels: $0.47, $0.50  Buyers have failed to stop the downtrend and ADA is facing a critical level. If sellers manage to break below $0.42 and
AltcoinsBTCCryptoETH

Exycrypt Exchange Moves to the Next Level

2 Mins read
A subsidiary of the Exycrypt cryptocurrency exchange called HBIT. Inc has received its Money Services Business (MSB) license. From the United States…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *