Cryptocurrency

25/07/19 08:00 UTC-4

Ripple sold over $250 million XRP in the second quarter of 2019

XRP results in the second quarter of 2019
XRP results in the second quarter of 2019

On July 24th, Ripple published the report for the second quarter of 2019, where it sold $251.51 million XRP.

 

Ripple successes in the second quarter of 2019

According to the report, Ripple sold about $169.42 million XRP in the first quarter of 2019. This means that quarterly XRP sales increased by about 48%.

Interesting in the section: xRapid payment system. Cryptocurrencies and banking

Slightly more than $100 million of the funds raised are credited to "direct institutional sales." The remaining $144.6 million was generated from program sales based on a percentage of global XRP tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
.

The report also says that Ripple will subsequently significantly reduce tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
sales. In addition, Ripple noted that it had limited XRP sales during the quarter due to excessive trading volumes. Thus, the company temporarily suspended program sales and imposed restrictions on institutional sales.

Ripple published the XRP Q2 2019 earnings report. Recall, Ripple reported that all banks in India are ready to begin implementing the latest version of the Ripple decentralized financial instrument, xCurrent 4.0.

Editor: Alyona Nabok

See also: "Over the past day, more than 20 cryptocurrency rates have risen"

#Ripple #XRP #cryptocurrency #tokens

Comments

Similar

16/08/19 07:00 UTC-4

A Wall Street analyst is confident in the growth of Bitcoin

Yesterday, August 15, a prominent Wall Street analyst and co-founder of Fundstrat Global Advisors financial agency, Tom Lee, said he was confident in the imminent increase in the value of digital gold. According to an interview at Fox Business, by the end of 2019, cryptocurrency could hit a new historic high.

13/08/19 07:49 UTC-4

Ethereum cryptocurrency will be at $1000: survey results

A few days ago, on August 10, Nick Patel, a well-known trader and author of the bestseller about altcoins, conducted a social poll on his Twitter, which concerned the value of the second cryptocurrency by capitalization level – Ethereum. The results showed that more than half of the respondents are sure that the coin rate will be above a thousand US dollars.

31/07/19 05:10 UTC-4

The US Senate held a hearing on regulatory cryptocurrency issues

Following the previous hearings in mid-July, on July 30, the US Senate Banking Committee on the regulatory framework for cryptocurrencies and blockchains held a hearing entitled "Study of the regulatory framework for digital currencies and blockchain."

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Fiat money, funds
Other