Ripple: A Million XRP from the trust account released
Ripple provides payment software for medium and large businesses worldwide to make transactions quickly, safely and cheaply. By a specified constant to the sale of a certain number of XRP per month, should be used to prevent the Ripple whales manipulate the market.
The American Startup Ripple free each month, a festlgelegte amount of XRP from your escrow account. Already in December 2017 ha Ripple moved 55 billion XRP in an escrow account and, so to speak, frozen. Since the Ripple is shifted to admit every Mpnat as 1,000,000,000,000 XRP from this account and sell it to investors. In order for Ripple to ensure that investors can not acquire with a purchase of large shares of outstanding XRP.
🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 1,000,000,000 #XRP (295,969,683 USD) unlocked from escrow at Ripple Escrow wallet
Tx: https://t.co/DCvJhGvDwe
— Whale Alert (@whale_alert) November 1, 2019
In the last XRP market report, the company noted that it plans to sell this quarter, less XRP than in the months previously. Ripple sold XRP to crypto-exchanges on a daily Basis to 10 basis points of the daily XRP volume. In addition, XRP are sold to investors, the large amounts of Capital need. The chart below shows the sales comparison of Ripple in the second and rode the quarter of the year 2019.
Source: Ripple.com
Ripple looked over the summer with criticism of some of the investors faced, which do not give the sales of the company is to blame, that the price of XRP attracts. The company denies the allegations and is Twitter partly to blame for the spread of the accusations (freely translated):
Conversations of Bots that deal specifically with the Ripple’Dumping XRP‘ and’Flooding the market‘, increased from quarter to quarter, to 179%. Dumping“allegations were in the last few months, the most common FUD topic of conversation in comparison to others…..
Almost half (49%) of all calls in which it was alleged that Ripple let the XRP price fall, came from Bot Accounts.
The bottom line is that Ripple can’t control the XRP price. XRP is traded on a fully functional and independent of the Digital Asset market, including more than 140 stock exchanges on which Ripple only plays a very limited role.
Ripples of current activities worldwide concentrate on the communication with regulatory authorities, so that a “crypto-friend can be brought-friendly” climate, with clear conditions on the way. The multiple billionaire Mike Novogratz noted publicly on several occasions that the United States could lose of America, the Leadership in the Blockchain and Fintech sector in China.
A pal sent me this from Vegas. If the US regulators don’t allow for fintech innovation, the Chinese will eat our lunch. Xi’s comments on Friday were significant. Crypto and the blockchain will be part of the financial and consumer infrastructure in the future. Buy the dip. $btc pic.twitter.com/prM9VvjT3x
— Michael Novogratz (@novogratz) October 26, 2019
This was primarily due to the strict and relatively equip the opinions of the financial Supervisory authorities are, in his opinion. It does not need a great change, innovative technologies and companies are migrating to Overseas such as Singapore, Malta, or Switzerland. He goes on to write (freely translated):
If the US regulatory authorities with Fintech allow for innovations that will take the Chinese for our lunch. XI’s comments on Friday were significant. Crypto and the Blockchain will be in the future part of the financial and consumer infrastructure.
Ripple opened recently a new office and established a company that in Washingto, D.C., resident will be solely for better communication with political importance to decision-makers will seek. As a result, the adaptation of XRP, but also other crypto will be driven currencies ahead.
Featured Image: Wit Olszweski | Shutterstock
