In a publication published on the Ripple official website, Corey Johnson and Miguel Vias provided a brief report on the company's financial position, demonstrating not only Ripple transparency, but also continued growth in a challenging and relatively discouraging market.
XRP (left) and Ripple (right) logos
In the third quarter of 2018, the XRP Market Report shows that Ripple managed to sell $ 163 million in XRP, despite the volatility and negative behavior of the entire market. According to the report, $ 65.27 million. The United States was sold by the company, and the rest were sold by a subsidiary registered as a business service (XRP II, LLC).
This shows that sales of the Ripple marker exceeded expectations of the previous quarter. While Q3 amounted to 163.33 million dollars. United States, Q2 reported a company inflow of $ 73.53 million. USA.
Ripple talks about her strategy to promote price stability
“In the fourth quarter of 2017, Ripple blocked 55 billion XRP in a secret escrow account. Ripple created a lock to create confidence in the delivery of XRP at any given time. Because of this blocking, Ripple has access to only 13 percent of the total XRP in circulation. Ripple sales were a tiny part of this amount. In the third quarter of 2018, 3 billion XRP was again released from escrow (1 billion per month). 2.6 billion XRPs were subsequently included in new escrow contracts. The remaining 400 million XRPs that are not returned to escrow are used in various ways to help maintain the XRP ecosystem. ”
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