The Ripple has revealed its sales for second quarter for 2019, that it has sold $251.51 million in XRP the breakdown is $106.87 million XRP in institutional direct sales and $144.64 million. Earlier ripple has revealed its escrow system, that it withdrew one billion from escrow each month over the quarter for a total of three billion XRP. Of the three billion, 2.1 billion were reportedly reinvested into escrow contracts.
The executive of Ripple, Vanessa Alexandra have shared their strategy to transform its cross-border payments to boost XRP and the development of the blockchain ecosystem. Alexandra explained, “From an industry standpoint, we believe that there’s going to be multiple ledgers that will be used in different verticals. We don’t think it’s just going to be one to serve them all.”
A XRPL Labs developer, Wietse Wind has suggested an interesting idea in promoting Ripple (XRP). The Single Euro Payment Area (SEPA) was proposed by Wietse Wind which will harmonize cashless payments and to make cross-border electronic payments inexpensive. A user tweeted, “Just imagine if you could SEPA using Ripple Tech to the exchange and buy in minutes instead of having to wait days. Don’t even get me started on weekends. Wietse needs to get a banking license so we can get a proper XRP derived bank.”
Coinfirm (a tech regulation startup) has divulged that it is investigating Ripple (XRP) post signing of an agreement to probe its compliance with anti-money laundering (AML) provisions & assert whether mixer technology is used for transactions. The move comes in the wake of the Financial Action Task Force (FATF) announcement focused on digital currency role in money laundering and goals for heightened regulation.
One of the major leading providers of secure financial services, SWIFT has shared that now to go all in on blockchain and open finance. The decision announced by SWIFT has received a lot of reaction such as from XRP’s biggest fans shared in a tweet, “Simply moving money by itself was never going to be a sustainable product. As SWIFT said, it’s do or die. Ripple welcome you, SWIFT!”
The New York user of the Coinbase can now buy, sell, and free to store XRP (Ripple) via services offered in Coinbase.com. Earlier the access to XRP was restricted to users from United Kingdom and New York due to the specification of an XRP destination tag which is required to make XRP transfers.
Approximately $25 million worth of Ripple cryptocurrency has been donated to the San Francisco state university by the co-founder of Rippler, Chris Larsen and his wife Lyna Lam. The main aim of the campaign is to empower the students in the university, energize programs and confirmed that the gift will support the “Lam-Larsen Fund for Global Innovation”.
Coinbase will now allow its users to make payments in either XRP or USDC with zero fees. Coinbase explained, “XRP and USDC may be better suited for smaller international money transfers due to their faster processing and lower transaction fees. USDC also has the added advantage of being exchangeable for one US dollar, rather than being volatile in price like other cryptocurrencies.”
XRPL Labs, a start up backed by Ripple is building a new Ripple (XRP) payment app for both Android & iOS. Wietse Wind founder of XRPL Labs has said “Getting ready for $XRP payments for the Community Meetup next month (in Amersfoort, the Netherlands) App will be released for store owners in the App store and Play store soon.”
A Canadian cryptocurrency exchange, CoinField have shared that they have chosen Ripple(XRP) to become its base pair for over 130 cryptocurrencies. In their social media account, “We’re glad to announce 130+ new coins have been successfully integrated to our TESTNET and will be added to CoinFieldEX eventually once our legal evaluation & security review is done. We will offer these new coins in both fiat & XRP.”