Ripple Releases Its Q2 2018 Report Revealing The Company’s Performance
Ripple’s report shows among others that the company sold $75.53 million in XRP tokens among low volatility of the market.
Ripple has been looked at with suspicion by crypto enthusiasts and also by the people in the conventional finance as well.
To some of them, Ripple is a crypto company which is trying to integrate and merge with the conventional finance world instead of disrupting it, and they see the startup as a sellout for this reason.
XRP suffered the same fate as the other cryptos
Anyway, the most important aspect of this report is that it shows the fact that the second quarter of 2018 has been the most successful for Ripple, but on the other hand XRP had to suffer a similar fate to the other crypto assets due to the bearish trend that was lurking around the market back then.
XRP lost a substantial amount of value for this reason.
Ripple has continued to claim that XRP is independent of it and now their claim is also backed by numbers because Ripple itself couldn’t be more successful these days.
XRP’s sales, on the other hand, made up 0.125% of XRP total market volume over the Q2 and 3 billion XRP were taken out of the escrow fund, and 2.7 billion XPR were placed back into new escrow contracts.
Ripple enjoys great partnerships
Ripple, the company, welcomed various new clients and partners which include Coil – a micropayment solutions provider and Scooter Braun which is an entrepreneur and entertainer talent manager who wants to use XRP to support artists to monetize better and manage their content.
Both these partnerships are supported by Xpring which is a Ripple tool for supporting innovators and entrepreneurs who want to help build out the XRP ecosystem while also creating value for themselves.
Ripple is living its best time, and it expects a Golden Fleece of institutional finance partnership which seems to be on its way.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.