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