XRP Healthcare said the process will continue for those who have already staked their token until their term expires.
XRP Healthcare has announced it is stopping all new staking activities for its XRPH token. The company revealed that the decision is meant to protect the token’s limited supply, which was set at 100 million coins when it was first released in September 2022.
While the staking opportunity will be stopped immediately, XRP Healthcare said the process will continue for those who have already staked their token until their term expires. The company had earlier halted its XRP to XRPH swap facility in May, citing similar reasons.
Chairman of XRP Healthcare Whitney Lynn noted that the decision is necessary to ensure the value of the XRPH token is intact. He further stated that the company’s token supply is secured through ‘black-holing’, a system that permanently removes tokens from circulation. He said:
“Our finite token supply, secured through black-holing, underscores our commitment to creating enduring value for our stakeholders.”
XRP Healthcare Shifts Focus to Expanding Healthcare Services in Africa
XRP Healthcare revealed that it is now placing its focus on its actual healthcare business instead of activities involving digital tokens, which is expanding the scope of XRP Healthcare across Africa.
Whitney further shared XRP Healthcare’s plan to focus on real-world applications, especially in Uganda. He stated that the company is committed to improving the healthcare system in that part of the world through several investment programs. Thus, while this would strengthen their business, it would also enable them to make a positive impact on the planet.
Similarly, Laban Roomes, Business Development Officer at XRP Healthcare, emphasized that the decision to halt the staking opportunity is to ensure the long-term value of the XRPH token, saying that it would even allow them to place more focus on its goal of improving healthcare services in Africa, particularly Uganda. More so, they aim to provide proper healthcare solutions to cities that need them more. He said:
“Halting new staking of the XRPH token is a crucial step to ensure the long-term value and scarcity of our tokens. This decision allows us to concentrate on impactful mergers and acquisitions, particularly in Uganda, where we are laying the groundwork to transform healthcare facilities and services. Our aim is to bring sustainable and high-quality healthcare solutions to communities that need them the most.”
The CEO of XRP Healthcare Kain Roomes was excited about the shift in their business strategy. He echoed the comments of others, maintaining that the decision to stop XRPH token staking is basically about preserving its value and focusing on improving healthcare initiatives. He revealed that the plan is to invest in and upgrade the healthcare centers and make them a much better place for people who need them most, especially in Africa.
XRP Healthcare recently secured its patent registration in the United Arab Emirates, as well as the United Kingdom, and Uganda, which is expected to help the company grow globally and increase its income stream through licensing and protecting its brand.
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