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1,000,000,000 XRP: Ripple Unlocks $442 Million in Crypto From Escrow

Ripple has unlocked 1 billion XRP from escrow, worth about $442 million at time of publishing.

The San Francisco startup will sell a portion of the funds to crypto exchanges and institutional participants and return the rest to escrow at the end of the month.

Source: Bithomp

Ripple, which owns more than half of the total supply of XRP, does not reveal the buyers. However, crypto whale watchers are constantly monitoring XRP movements from Ripple’s over-the-counter (OTC) wallets to unknown wallets, which indicate sales of XRP.

Ripple typically sells a fraction of the total amount unlocked each month and releases an overview of the dollar amount of XRP sold each quarter.

According to the company’s last report, Ripple sold $169.42 million worth of XRP in January, February and March.

Source: Ripple

Since 2016, Ripple has sold a total of $890 million in XRP – 34.4% to crypto exchanges and 65.6% to institutions, reports The Block.

Ripple’s sale of XRP recently triggered a lively debate on Reddit on whether it has an impact on the price of the leading digital asset.

Source: Pivot – Blockchain Community

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Finablr’s UAE Exchange and Unimoni Go Live on Ripple Net for Cross-Border Remittances

Ripple, the global blockchain-based cross-border remittance company, has been continuously making new partnerships in their effort to establish themselves as a leader in the global financial markets.To date, Ripple has already secured at least 200 partnerships with banks and financial firms around the world, and they are now beginning to see these partnerships come to fruition…………….

Source: Finablr’s UAE Exchange and Unimoni Go Live on Ripple Net for Cross-Border Remittances

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