In a controversial step, the Ripple co-founder sold an average of 1.8 million XRP tokens for each day of April 2020. Since McCaleb is the co-founder of Stellar, a direct competitor to Ripple, it has also created suspicion of his support to Ripple Labs.
American banking giant PNC has become the first bank in the country to use Ripple’s blockchain network, RippleNet, for processing cross border payments.
Despite showing some good results this year, the 3rd largest cryptocurrency by market cap has recently dropped down to its lowest price of 2018.
Ripple Labs get relief in one of the latest lawsuits from the District Court of California, while the company doubles-down on its expansion plans in Asia and the Middle East.
The keynote discussion will be held on the topics connected with regulatory framework along with new crypto opportunities across different business horizons.
In comparison to the overall crypto market fall, Ripple considers this to be its best performance in Q2 so far. The company also boasts on adding new customers to the XRP ecosystem.
XRP is heading down for two days in a row, trading at $0.4812 on Thursday July 19
With a view to prevent further mistakes in usage of two notions, Ripple Labs Inc explained the difference between their brand and digital asset XRP.
Under this new Xpring initiative, Ripple will invest, incubate, acquire and provide grants to business that will make use of XRP or the XRP Ledger.
The XRP Symbol project has been initiated to assign XRP tokens a Unicode-compliant currency sign.