Steingraber stated that while the price of XRP is currently determined by supply and demand on exchanges, traditional finance institutions such as Bank of America are restricted from using the asset due to regulatory requirements
Ripple provides one frictionless experience to send money globally using the power of blockchain.
Ripple Labs Inc. provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.
With offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg, Ripple has more than 200 customers around the world.
Steingraber stated that while the price of XRP is currently determined by supply and demand on exchanges, traditional finance institutions such as Bank of America are restricted from using the asset due to regulatory requirements
Imposing charges on new users could be an effective solution to curb the onslaught of bots and promote a more authentic user base on the platform.
The latest argument centers on the accusation that the exchange discriminated against institutional investors during the sale of XRP through its On-Demand Liquidity (ODL) platform.