Ripples XRP holdings have dropped below 50 Percent in the 2nd quarter of 2022 Qoute Coin
New York City: Ripple’s XRP holdings have dropped below 50% in the second quarter of 2022, according to its latest quarterly report. The company said it sold 132 million XRP in Q2. This is less than the 167 million XRP it sold during the previous quarter, but more than the 126 million XRP it sold in Q1.
The company’s XRP holdings have dropped below 50% in the second quarter of 2022, according to Ripple’s latest quarterly report.
Ripple said it sold 132 million XRP in Q2. This is less than the 167 million XRP it sold during the previous quarter, but more than the 126 million XRP it sold in Q1.
The company also announced that its board of directors has approved a share buyback plan worth $20 billion over a period of 18 months (the first half of 2022). The firm said that this will be used to pay down debt and fund operations as well as future growth opportunities.
The company also invested $10 million in Tranglo, an Asia-based cross-border payments firm. Ripple has made several investments in fintech firms over the last few years. These include CrossTower, a cryptocurrency trading platform and Polysign, a custodian solution provider for digital assets.
This investment was made to support Tranglo and its customers as they work on their solutions to solve problems that are common across borders including payment processing fees, fraud prevention and regulatory compliance issues.
Ripple said its investments will help the company support its partners and customers around the globe as they look to expand their operations across borders. Ripple’s investments are one way it supports its partners and customers as they look to expand their operations across borders.
“We want our partners and customers to be able to reach maximum capacity in every market, so that together we can solve real problems for real people,” Ripple CEO Brad Garlinghouse said in a statement. “Our investment portfolio is one way we support this goal by helping our partners grow their international business through funding new ventures or investing in existing ones operating outside of North America.”
“Our growing investment portfolio is another way we are supporting our customers and partners to grow their international business as well as provide insights into opportunities for innovation and growth within financial services that we believe can fundamentally change the way money moves,” said Eric van Miltenburg, SVP of global operations at Ripple.
Ripple has made several investments in fintech firms over the last few years. These include CrossTower, a cryptocurrency trading platform and Polysign, a custodian solution provider for digital assets.
Ripple’s latest quarterly report showed that it sold 132 million XRP during the three months ended June 30th, 2022. The number was down from 167 million XRP in Q1 but higher than Q4 of 2021 when 124 million XRP were sold by Ripple.
- Ripple’s latest quarterly report showed that it sold 132 million XRP during the three months ended June 30th, 2022. The number was down from 167 million XRP in Q1 but higher than Q4 of 2021 when 124 million XRP were sold by Ripple.
- Ripple also said that its total assets grew by about $719 million over the same period last year to $8 billion. That includes holdings in cryptocurrencies like XRP and Bitcoin Cash (BCH). In addition to investing in other companies through its venture capital arm, Ripple has been working on developing its own blockchain technology called xCurrent which can be used by banks as well as other institutions such as universities or even individuals who want to hold cryptocurrency without needing a full wallet setup with blockchain technology required before using them online/offline.
