On April 24th, the Bitstamp cryptocurrency exchange published a report on maintaining and regulating inflation on the Ripple cryptocurrency. The message was posted on the official Twitter of the exchanger.
Bitstamp about inflation and Ripple price
Bitstamp representatives told about the escrow of XRP assets that belong to the company. According to the report, the year before, the cryptocurrency firm "concluded" 55 billion XRP to control the issue of coins, and therefore their value.
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"DID YOU KNOW: In 2017, 55 billion XRP owned by Ripple were placed on escrow to control the level of output. One billion is released every month, and any unspent XRP is placed in another deposit account. This controls the inflation rate of XRP" – Bitstamp, Twitter.
Netizens reacted ambiguously to such information. Some expressed their suspicions about the dishonest work of the Ripple cryptocurrency company. However, many also claim that they suspected about such activities and artificially maintaining the cost of cryptocurrency.
Employees of Bitstamp reported on the secrets of the Ripple price, as well as on how to regulate cryptocurrency inflation. Recall that on April 11th, Skype announced that it was considering the possibility of introducing and integrating a micropayment system in cryptocurrency, namely, in the Ripple (XRP) payment tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details.
Editor: Godfrid Brower