According to the new report shared by the blockchain tracking bot XRPL Monitor, the blockchain payment technology company Ripple has recently moved a massive amount of XRP. As per XRPL Monitor, an amount of 100 million XRP was wired by the San Francisco-based firm in recent times.
100 Million XRP transferred in eight transactions
Reportedly, this massive amount of XRP has been transacted by the company in a series of eight different transactions. Most of this amount was moved between the company’s own wallets which are RL18-VN (additional escrow wallet of the company) and Ripple.
However, the company also transferred a part of 100 million XRP to the top digital currency exchange Bitstamp which runs the company’s On-Demand Liquidity (ODL) corridor in Europe. Reportedly, an amount of ten million XRP was transacted to the Bitstamp exchange. These ten million XRP are worth $2,548,743. After that, the cryptocurrency exchange Bitstamp also moved an amount of 28 million XRP among its wallets as well.
These 100 million XRP tokens that are transacted by the company Ripple are worth around $2,548,743.
Rippe’s ODL and RippleNet network are now accessible in more than 55 countries
Ripple has also claimed that its On-Demand Liquidity (ODL) solution and the global payments network RippleNet are gaining mainstream adoption. According to the official website of the company, both of these are now available in over 55 countries at the moment. However, residents of Eastern Europe cannot access them.
The On-Demand Liquidity solution of Ripple is being run in different countries including Mexico, Australia, the United States, Latin America, Scandinavia, Alaska, and Western Europe. While on the other hand, RippleNet which is a payments network of the company is available in some parts of the African continent, Bangladesh, India, and in China as well.
9 Memorable Examples of M&A Deals That Changed the World
XRP Struggles at $0.37, While the Bitcoin Hangs on to $16k.
Ripple Lead Counsel Denies SEC’s Claims of Enforcement Successes.
Ripple’s Native XRP Records a Huge Spike in Social Engagements.
XRP Targets $0.50, as Ripple’s Native Outplays Bitcoin.
Recent Press Release
Top 10 Ways To Build Wealth With Modern And Traditional Approaches
Building wealth is a tedious job but in the right manner, it can be achieved. Many people aspire to become...
Is Young Money Superior To Old Money In The Latest Digital Age?
To the advantage of all of us, modern tech has accelerated economic progress, and we must keep embracing innovation, particularly...
5 Best Ways Artificial Intelligence Can Boost Your Business
Artificial intelligence (AI) is not only a concept for science fiction anymore; it is also starting to appear in business....
Crypto Scams And Best Ways To Avoid Them
Cryptocurrency fraud has increased in popularity in recent years, with con artists defrauding investors of vast sums. Even if the...
Why Should Traders Divert Toward Online Trading?
Financial assets can be broken down into two categories: those that aid in the immediate, and those that are more...