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Ripple Sold $500,000,000 Worth Of XRP Last Year


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Last year, the blockchain-focused remittance company Ripple sold $500,000,000 worth of XRP and used the proceeds to invest in blockchain and cryptocurrency startups. In July of 2019, Ripple announced that it had reached that figure of half a billion dollars in total investments through its fundraising arm Xpring.

Headquarter of Ripple in San Francisco

Here’s a look at Ripple’s sales throughout the year.

Q1: $169.42 million

Q2: $251.51 million

Q3: $66.24 million

Q4: $13.08 million

Ripple’s fundraising and development arm Xpring has invested in a number of crypto-based startups including Kava Labs, Dharma Protocol, Raised in Space Enterprises, Robot Ventures and SendFriend.

Link: https://azcoinnews.com/ripple-sold-500000000-worth-of-xrp-last-year.html

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