Ripple IPO: David Schwartz Makes Key Expose on His Stock Option
With talks with investors continuing and Ripple valued at an astounding $11 billion, expectations for the company’s future IPO plans are growing.
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XRP was released in 2012 as a native cryptocurrency for RippleNet – a global payment network that scores hundreds of financial institutions. The purpose behind creating XRP was to build “the Internet of value” and enable cheap and more scalable transactions. XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. Besides, XRP transactions rely on a consensus protocol in order to validate account balances and transactions on the system.
XRP runs on XRP Ledger, maintained by various independent participants of a global “XRP Community”. Every XRP transaction requires an agreement from the independent validator nodes. This agreement is called consensus and serves as the final and irreversible settlement. The ledger reaches a consensus on all transactions every 3 to 5 seconds.
The total supply makes up 100 billion XRP tokens.
With talks with investors continuing and Ripple valued at an astounding $11 billion, expectations for the company’s future IPO plans are growing.
Ripple has allegedly moved all US ODL customers from using XRP as the bridge currency, to USDT, in compliance with a 2023 court ruling.
A breakout from the tight upper Bollinger Bands at $0.69 could signal a bullish run for XRP.
Ripple has urged the court to impose a civil penalty of less than $10 million in the lawsuit filed by the US SEC and not the proposed $2 billion by the agency.
Apart from SBTC, the company offers access to other fully hedged digital asset ETPs, which come with competitive management fees, ensuring accessibility for a wide range of investors.