Ripple Milestone: XRP Transactions Approach All-Time High

Ripple and XRP have been making headlines a lot this year, and the company has been accused a lot of times regarding the digital asset and the subject of centralization.

Ripple’s reps always made sure to highlight the fact that XRP could still exist without the company.

XRP transactions surge

The number of XRP transactions is on the verge of reaching an all-time high, and the online publication wonders whether Ripple is involved in this or not.

Crypto data tracker BitInfoCharts says that the number of XRP transactions on the ledger managed to hit 1.63 million a couple of days ago, and it’s just a bit short of 1.70million.

The previous high was hit back in January 2018 as the height of the crypto market’s last parabolic bull run, says the online publication.

“The XRP explorer from XRPL.org shows many of the transactions are IOUs being sent across the ledger,” according to the article of the online pubcalition mentioned above.

FireShot Capture 391 XRP Transactions chart bitinfocharts.com  - Ripple Milestone: XRP Transactions Approach All-Time High

They also remind their readers that the XRP Ledger features “a built-in decentralized exchange with an IOU system that’s designed to give people a way to trade any type of asset electronically.”

Anyway, this triggered a massive debate on Reddit, with users speculating that Ripple has something to do with it.

Ripple makes efforts towards the adoption of XRP

In other news, Ripple does continue to make efforts in order to boost the whole XRP ecosystem.

There’s a new job opening at Ripple that is placing the spotlight on the firm’s efforts to grow institutional adoption of XRP.

Not too long ago, Ripple said that they are looking for a director of institutional markets whose primary purpose will be to expand the reach, use, and liquidity of XRP.

Ripple fans are only disappointed by the fact that XRP‘s price has been lagging this year.


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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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