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
AltcoinsBTCCryptoETHOther

ilonbit.net protects your money — Scheduled

2 Mins read
ilonbit.com Exchange, as bitcoin becomes more popular, more exchanges are springing up to buy, trade, and sell various cryptocurrencies. As a result, choose…
AltcoinsBTCCryptoETHOtherTrading

Exzus.com | Review of the exchange in 2022 | 

2 Mins read
exzus.com Exchange, as bitcoin becomes more popular, more exchanges are springing up to buy, trade, and sell various cryptocurrencies. As a result, choose…
AltcoinsBTCCryptoETH

Exzus innovative security system is a combination of the system of protection of funds and verification of users.

1 Mins read
Imagine that you did not set a strong enough password and did not enable 2FA. What can happen in this case? That’s…
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Your email address will not be published.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 *