Tag Archives: ripple

Ripple Explains FUDs, Decrease in XRP Sales in Q3 Report

Ripple Explains FUDs, Decrease in XRP Sales in Q3 Report

                                   

Ripple Inc. has released its Q3 report, a move geared towards increasing the transparency of XRP ecosystem.

When the digital currency was launched in 2012, nothing more than 100 billion units of XRP was created, but “Ripple was gifted a portion of this XRP,” out of which it sells out to enlarge the XRP ecosystem by investing in ideas capable of reshaping the Ripple ecosystem. In the released report, Ripple stated that it decreased the sales of XRP by 74.5% compared to Q2 sales. This quarter, Ripple sold $66.24 million worth of XRP compared to $251.51 million it sold in Q2. During the last quarter, 3 billion XRP were released out of escrow and 2.30 billion XRP returned back. For now, Ripple is now available on over 140 exchanges worldwide, the report indicated.

During the quarter, Ripple’s investment arm Xpring launched developer platform to strengthen the relationship between developers and entrepreneurs and give them the advantage to build on the XRP Ledger while making use of XRP token. The developer platform is open-sourced and can accommodate the 23 million developers across the globe by giving them the chance to enable payments in any of their innovation. As well, Ripple invested in Logos, Coinme, BRD, and XRP-centric Coil partnered Mozilla and Creative Commons to launch Grant for the Web. Also in Q3, Bitpay and Xpring deals were sealed, and the formal is now supporting XRP, bringing the digital currency to its thousands of customers worldwide.

FUDs Everywhere.

Ripple tagged those making FUDs about XRP are only spreading misinformation purposely to undermine the nascent and innovative idea. It said bot accounts on Twitter are now more active at condemning Ripple’s XRP, and more unique bots are being created every time to do the same. Conversation about Ripple “dumping XRP” and “flooding the market” from bot accounts, increased by 179% quarter over quarter. While Ripple claimed it cannot manipulate the price of XRP, the company pointed that there is no difference between what is obtained in BTC, Ethereum community and XRP community. The same way large holders exist in many crypto community is the same way it

exist in XRP ecosystem.

“We do not see evidence that large holders of XRP are behaving materially differently than BTC or ETH ‘whales’.”

The company pointed that around 49% of conversation alleging Ripple of being involved in XRP price manipulations came from bot accounts.

Article Produced By
Olayode Yusuff

Olayode has made meaningful contributions to Huffington Post, Thrive Global, Oracle Times, The Independent Republic, Forbes, Washinghton Post and a host of other news magazine. He’s a blockchain enthusiast covering news on notable cryptocurrencies and seminars from far and within.

https://newslogical.com/ripple-explains-fuds-decrease-in-xrp-sales-in-q3-report/

TP

Ripple CEO Brad Garlinghouse: Transparency Is Ripple’s Uniqueness; Makes the Firm Appealing to Governments and Banks

Ripple CEO Brad Garlinghouse: Transparency Is Ripple’s Uniqueness; Makes the Firm Appealing to Governments and Banks

                                 Ripple CEO Brad Garlinghouse_ Transparency Is Ripple's Uniqueness; Makes the Firm Appealing to Governments and Banks

From its birth in 2012 to the multiple lawsuits, Ripple (and XRP) has experienced its fair share of ups and downs.

XRP has constantly been plagued by spectacular price crashes and questions about its possible manipulation by Ripple. Thankfully, the crypto industry is no longer defined by stunning high price and speculation, but rather by genuine projects with substance. Ripple, the San Francisco-based startup best-known for strongly promoting its native cryptocurrency, XRP, and funding its bank-friendly technology with billions of dollars is driven by its vision of finding real-life use cases for XRP. Garlinghouse attributes the success achieved so far to the company’s transparent framework in his recent podcast interview with bitcoin maximalist Anthony Pompliano. 

Ripple: A Paragon Of Transparency

Ripple CEO, Brad Garlinghouse, was a guest in a recent episode of Anthony Pompliano’s Off the Chain. According to Garlinghouse, the cryptocurrency ecosystem is riddled with deviousness and Ripple is here to serve as an epitome of transparency and clarity. He also asserted that Ripple’s defense against the hardline stance towards cryptocurrencies taken by the United States government and other countries is transparency.

What makes Ripple stand out from other companies like SWIFT – as Garlinghouse noted-  is the fact that RippleNet passes information in a much more reliable way compared to SWIFT, and this appeals a lot to governments and banking institutions. Garlinghouse then spoke about the possibility of expanding Ripple operations to US-sanctioned countries like Cuba and Iran. Between enforced sanctions under Trump administration and decreased funding from allies, these two countries are in trouble. However, Garlinghouse stated that they are still part and parcel of the global banking infrastructure and as such, Ripple would not mind extending its foothold there.

The Contentious Issue

The question of whether Ripple is responsible for XRP’s laggard performance refuses to go away. Yet, Garlinghouse and other Ripple executives have addressed this nagging issue more times than I can count. Speaking with Pomp, Garlinghouse asserted that the welfare of XRP is important because Ripple owns at least 55 percent of the XRP in circulation, therefore impeding the growth of XRP would mean impeding the overall growth of Ripple. He assured the XRP community that Ripple would not contemplate dumping XRP tokens because it does not work for the benefit of the firm and also because it will be considered as the depreciation of value. Meanwhile, Ripple is continuing with its expansion plans. After scoring a huge partnership deal with one of the largest global money transfers provider MoneyGram, Ripple has continued to join hands with more banks to foster cross-border payments. It currently has more than 200 banks and payments institutions using their RippleNet solution.

Speaking of which…

Ripple recently announced a collaboration with London-based financial software firm, Finastra. Through this collaboration, Ripple’s blockchain-based cross-border solutions will be available for Finastra customers. This means that Finastra users will be able to access over 200 RippleNet users worldwide.  RippleNet users will then be able to connect with Finastra’s vast number of banking partners. XRP fans anticipate that these partnership deals that keep coming will lead to increased use cases of XRP in the future, which could improve the value of the cryptocurrency.

Article Produced By
Brenda Ngari

Brenda is a crypto and Blockchain enthusiast and has been crafting articles for at least a year. She has a solid background in Economics and Finance. When she is not writing crypto stories, she’s spending quality time with her family and friends or trying out different cuisines in the kitchen.

https://zycrypto.com/ripple-ceo-brad-garlinghouse-transparency-is-ripples-uniqueness-makes-the-firm-appealing-to-governments-and-banks/

TP

This is Why Ripple Removed xRapid, xVia and xCurrent from their Site

This is Why Ripple Removed xRapid, xVia and xCurrent from their Site

                             

The Cryptoverse was abuzz recently when it was discovered that Ripple

made some noticeable changes to their website. We asked the company what happened. Recently, the company has removed mentions of their products xRapid, a source of on demand liquidity, xVia, used by businesses to plug into RippleNet to send payments, and xCurrent, a banking payment solution, from their website, which prompted debates in crypto forums.

Now, “instead of buying xCurrent or xVia, customers will connect to RippleNet — on-premises or through the cloud — and instead of buying xRapid, clients will use On-Demand Liquidity,” explained a spokesperson for Ripple. So these are not new products, bur the existing ones rebranded. However, aside from the cosmetics, that is, renaming of their xProducts, “very few things have changed and will not affect our customers.” Ripple moves towards building a network instead of a software suite, the spokesperson said. The company believes that combining all the different products into a unified network is a natural evolution of the company and its offerings, given the growth of their customer base, as well as the development of their standard and technology. "RippleNet is more than just a suite of software," the spokesperson said.

Meanwhile, Ripple's CEO Brad Garlinghouse said in August that the company is in talks over "multiple" potential investments and acquisitions, and the company followed that up with two new recent acquisitions. Also, as previously reported, Ripple made several announcements in the last week alone: Ripple’s developer initiative, Xpring, partnered up with a major global blockchain payments provider BitPay, with cryptocurrency wallet BRD Wallet, blockchain analysis company Chainalysis, and digital asset custody Anchorage; there is a new Xpring SDK (software development kit) available; and other new features to the core XRP Ledger and Interledger projects were introduced.

And while XRP price jumped on the acquisition news, the other announcements at the time did not seem to help it, as it continued trading sideways. This week, however, brought good news for XRP, as the price appreciated 11%, as well as 5.6% in the past month, though it fell 2% in the past 24 hours (05:06 UTC). Also, Ripple joined hands with U.S.-based major money transfer company MoneyGram a few months ago, after the acquisition rumors had been flying in the Cryptoverse since June. The company already started using xRapid product, now On-demand Liquidity, “to buy a portion of our currency needs in major receive markets.”

Article Produced By
Sead Fadilpaši?

Sead is a staff journalist at Cryptonews.com who covers cryptocurrency and blockchain news daily, writes analysis pieces, tests blockchain and cryptocurrency products. He's based in Sarajevo, Bosnia and Herzegovina. Prior to joining Cryptonews.com he was a freelance, also was a journalist for Al Jazeera web. He spends his free time in music studios, recording songs for movies and cinema. Loves to break gadgets so he could fix them, enjoys exploring new music and loves tasty and equally unhealthy food.

https://cryptonews.com/news/this-is-why-ripple-removed-xrapid-xvia-and-xcurrent-from-the-4817.htm

TP

Cryptocurrency Market Surges to $365 Billion, Start of a Bull Rally?

Joseph Young, author of this article, is a Hong Kong-Based Finance and Cryptocurrency Analyst / Writer. He is Contributing regularly to CCN and Hacked, Offering cryptocurrency news and Insights Into Asian Market (South Korea, Japan, and more).
 
Original URL

TP