• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Wednesday, September 27, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Ripple releases 1,000,000,000 XRP | Nairametrics

25 September 2020
in XRP
Reading Time: 3 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Popular payment based crypto company, Ripple, which controls the fourth most valuable cryptocurrency by market capitalization, recently unlocked 1 billion XRP, worth about $177.6 million, from an escrow account.

Whale Alert monitored this movement, which occurred in two different 500 million XRP transactions, in real-time.

🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 500,000,000 #XRP (88,240,341 USD) unlocked from escrow at Ripple Escrow wallet

Tx: https://t.co/WxlOuLWS92

— Whale Alert (@whale_alert) July 1, 2020

Ripple owns more than half of the total supply of XRP. In late 2017, the company vowed not to sell all of its tokens (XRP) at once, keeping up to 55 billion XRP in protected escrow accounts.

READ MORE: AfDB board denies asking Adesina to step down, as Obasanjo says the bank risks being hijacked

GTBank 728 x 90

It then set up a plan to release about 1,000,000,000 XRP monthly for sale to be used as funding for its operations, and to invest in startups of interest, with the rest kept back in the escrow accounts.

Related articles

Ripple (XRP) And Solana (SOL) Making an Attempt to Break Key Levels. What’s the next pivot points?

Ripple (XRP) And Solana (SOL) Making an Attempt to Break Key Levels. What’s the next pivot points?

27 September 2023
Shiba Inu, XRP to Expand Global Reach to 190 Countries via This Partnership

Shiba Inu, XRP to Expand Global Reach to 190 Countries via This Partnership

27 September 2023

Quick fact: Ripple (XRP) plays dual roles as a payment platform and a currency. The platform is an open-source platform that is created to allow quick and cheap transactions.

[crypto-donation-box]
Cryptohopper
ADVERTISEMENT

Unlike its crypto rival, Bitcoin, which was never intended to be a simple payment system, Ripple has gained the attention of major global banks, like Standard Chartered, and Barclays for international transactions worldwide.


GTBank 728 x 90

Recall that a few months ago, the U.S Consumer Financial Protection Bureau looked excited about Ripple as a tool for bringing simplicity and openness to the financial industry.  It said:

“To the degree banks and credit unions increase their reliance on closed network payment systems for sending remittance transfers and other cross-border money transfers, the Bureau notes that this could result in greater standardization and ease by which sending institutions can know exact covered third-party fees and exchange rates.

Download the Nairametrics News App

“The Bureau also believes that expanded adoption of SWIFT’s GPI product or Ripple’s suite of products could similarly allow banks and credit unions to know the exact final amount that recipients of remittance transfers will receive before they are sent.”





Source link

Tags: NairametricsReleasesRippleXRP
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

One of Bitcoin’s Bull-Scenarios Was Invalidated by Selloff; Factors to Consider

Next Post

XRP is predestined as a neutral bridge asset between CDBCs

Related Posts

Ripple (XRP) And Solana (SOL) Making an Attempt to Break Key Levels. What’s the next pivot points?

Ripple (XRP) And Solana (SOL) Making an Attempt to Break Key Levels. What’s the next pivot points?

27 September 2023
0

The cryptocurrency realm is a whirlwind of emotions, teetering between hope and hesitation, as indicated by the ‘Crypto Fear and...

Shiba Inu, XRP to Expand Global Reach to 190 Countries via This Partnership

Shiba Inu, XRP to Expand Global Reach to 190 Countries via This Partnership

27 September 2023
0

Tomiwabold Olajide Shiba Inu, XRP's global expansion expected to contribute to overall crypto adoption The global reach of cryptocurrencies Shiba...

XRP Positioning For Potential Comeback as Ripple Proper Party Edges Closer

XRP Positioning For Potential Comeback as Ripple Proper Party Edges Closer

27 September 2023
0

XRP is positioning itself for a potential comeback, eyeing a recovery campaign above the $0.50 territory as the Ripple Proper...

Ripple (XRP) IPO Speculations Soar Ahead of Popular Event

Ripple (XRP) IPO Speculations Soar Ahead of Popular Event

27 September 2023
0

Ripple is hosting a party to further unite the XRP community and, more importantly, celebrate the landmark partial victory against...

Bitcoin Jumps 2%, Ignoring DXY’s Rise to 10-Month High; XRP Eyes Death Cross

Bitcoin Jumps 2%, Ignoring DXY’s Rise to 10-Month High; XRP Eyes Death Cross

27 September 2023
0

Bitcoin rose during the early U.S. trading hours, ignoring the continued rally in the greenback as spot buyers shook out...

Load More
Next Post

XRP is predestined as a neutral bridge asset between CDBCs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • U.S. Department of Justice Opposes Sam Bankman-Fried's Latest Move for 'Temporary Release'
  • Looking Glass Labs Announces Share Consolidation
  • Growing Complexity in Bitcoin Mining Landscape Amidst Centralization Risks: Coin Metrics

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$26,300.000.54%
  • ethereumEthereum(ETH)$1,596.360.48%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$211.46-0.04%
  • rippleXRP(XRP)$0.50-0.08%
  • usd-coinUSDC(USDC)$1.000.09%
  • staked-etherLido Staked Ether(STETH)$1,595.210.43%
  • cardanoCardano(ADA)$0.2449000.09%
  • dogecoinDogecoin(DOGE)$0.060361-0.02%
  • solanaSolana(SOL)$19.020.19%
  • tronTRON(TRX)$0.0853491.08%
  • ToncoinToncoin(TON)$2.172.46%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • polkadotPolkadot(DOT)$3.98-0.58%
  • matic-networkPolygon(MATIC)$0.50-1.35%
  • litecoinLitecoin(LTC)$63.41-0.21%
  • bitcoin-cashBitcoin Cash(BCH)$230.137.36%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,291.000.45%
  • chainlinkChainlink(LINK)$7.633.94%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.38%
  • daiDai(DAI)$1.000.14%
  • true-usdTrueUSD(TUSD)$1.00-0.02%
  • leo-tokenLEO Token(LEO)$3.690.86%
  • uniswapUniswap(UNI)$4.23-0.01%
  • avalanche-2Avalanche(AVAX)$8.92-0.90%
  • stellarStellar(XLM)$0.1117180.07%
  • moneroMonero(XMR)$146.391.16%
  • okbOKB(OKB)$42.85-0.40%
  • binance-usdBUSD(BUSD)$1.000.00%
  • ethereum-classicEthereum Classic(ETC)$15.342.03%
  • cosmosCosmos Hub(ATOM)$6.960.03%
  • hedera-hashgraphHedera(HBAR)$0.0493550.10%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • filecoinFilecoin(FIL)$3.191.06%
  • makerMaker(MKR)$1,504.306.22%
  • crypto-com-chainCronos(CRO)$0.049950-0.24%
  • lido-daoLido DAO(LDO)$1.470.52%
  • internet-computerInternet Computer(ICP)$2.92-0.80%
  • quant-networkQuant(QNT)$88.381.67%
  • MantleMantle(MNT)$0.386736-0.60%
  • AptosAptos(APT)$5.27-0.22%
  • vechainVeChain(VET)$0.016395-0.37%
  • ArbitrumArbitrum(ARB)$0.82-0.97%
  • nearNEAR Protocol(NEAR)$1.08-0.07%
  • optimismOptimism(OP)$1.26-0.98%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0466430.51%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,732.350.63%
  • BSCEXBSCEX(BSCX)$237.190.34%
  • aaveAave(AAVE)$60.39-0.90%