{"id":728,"date":"2019-07-25T11:11:54","date_gmt":"2019-07-25T11:11:54","guid":{"rendered":"https:\/\/techcavit.com\/?p=728"},"modified":"2019-07-25T11:11:56","modified_gmt":"2019-07-25T11:11:56","slug":"ripple-sold-over-250-million-worth-of-xrp-ripples-quarterly-report-for-q2-is-q3-more-promising","status":"publish","type":"post","link":"https:\/\/techcavit.com\/ripple-sold-over-250-million-worth-of-xrp-ripples-quarterly-report-for-q2-is-q3-more-promising\/","title":{"rendered":"Ripple Sold Over $250 Million Worth Of XRP: Ripple\u2019s Quarterly Report For Q2, Is Q3 More Promising?"},"content":{"rendered":"\n<p>Ripple <a href=\"https:\/\/www.ripple.com\/insights\/q2-2019-xrp-markets-report\/\">has published its XRP Markets Report<\/a> for the second quarter of 2019. The report notably mentions a few interesting things about the firm\u2019s 2<sup>nd<\/sup> quarter achievements and includes a few new decisions the firm will be taking, including a change in its volume benchmark.<\/p>\n\n\n\n<p>According to the publication, Ripple very strongly believes in \u201cproactive transparency and in being a responsible stakeholder\u201d and will continue ensuring these with its transparent quarterly reports.<\/p>\n\n\n\n<h2><strong>Underscoring Ripple\u2019s Q2<\/strong><\/h2>\n\n\n\n<p>Some of the highlights mentioned include the following<\/p>\n\n\n\n<p>\u00b7\u00a0 \u00a0 \u00a0  XRP\u2019s spread is rapidly increasing wit Ripple\u2019s efforts to keep this up. Compared to 120 in Q1 of 2019, the report states that XRP is now listed on 130 exchanges worldwide.<\/p>\n\n\n\n<p>\u00b7\u00a0 \u00a0 \u00a0 \u00a0 In Q1, Ripple sold a total of $169.42 million worth Of XRP. By Q2, this number had increased by more than $82 million to $251.51 million worth of XRP. It is also noted that the firm\u2019s future XRP sales will be \u201csubstantially reducing.\u201d<\/p>\n\n\n\n<h2><strong>Volume Benchmark<\/strong><\/h2>\n\n\n\n<p>Ripple, and pretty much the entire sector at large, has always been plagued with deliberately misreported trading volumes with a lot of overblown figures. This is one of the ideas that birthed CryptoCompare &#8211; a need to evaluate and give proper reports to institutional and retail investors. The report now notes that Ripple will officially use CryptoCompare\u2019s Top Tier (CCTT) to reduce the likelihood of false data.<\/p>\n\n\n\n<p><em>\u201cFor now, Ripple will use CCTT as its benchmark, and will continue to work proactively with industry participants toward resolving the issues around unreliable industry volume data.\u201d<\/em><\/p>\n\n\n\n<h2><strong>RippleNet<\/strong><\/h2>\n\n\n\n<p>Ripple\u2019s network of financial institutions which uses the firm\u2019s solutions for their core businesses, recorded a considerable surge in the number of transactions and official partners. <\/p>\n\n\n\n<p>The report notes that the number of xRapid transactions successfully settled in Q2, increased by 170% from the number in Q1. Furthermore, Ripple\u2019s Xrapid in Q2, recorded a 30% jump in the number of active partners, from Q1.<\/p>\n\n\n\n<h2><strong>CEO Weighs In<\/strong><\/h2>\n\n\n\n<p>Ripple\u2019s CEO, Brad Garlinghouse, has also taken to Twitter to reiterate the firm\u2019s commitment to transparency. According to him:<\/p>\n\n\n\n<p><em>\u201cIn this nascent industry, we need to be transparent and urge others to do the same. As a responsible stakeholder of XRP, @Ripple is confronting this issue by updating the benchmark for market volume and reducing future sales of XRP.\u201d<\/em><\/p>\n\n\n\n<p>The report also encourages other players in the sector to follow suit.<\/p>\n\n\n\n<p><em>\u201cRipple urges others in the industry to follow its lead to build trust, foster open communication, and raise the bar industry-wide.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple has published its XRP Markets Report for the second quarter of 2019. The report notably mentions a few interesting things about the firm\u2019s 2nd quarter achievements and includes a few new decisions the firm will be taking, including a change in its volume benchmark. According to the publication, Ripple very strongly believes in \u201cproactive [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,32],"tags":[843,814],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 (Yoast SEO v19.5.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple Sold Over $250 Million Worth Of XRP: Ripple\u2019s Quarterly Report For Q2, Is Q3 More Promising?<\/title>\n<meta name=\"description\" content=\"Ripple has published its XRP Markets Report for the second quarter of 2019. 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