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Ripple CEO 999 of XRP trading volume has nothing to do with R

Date:2024-04-25 18:37:39 Channel:Exchange Read:
In the field of digital currency, Ripple has always attracted much attention. Recently, Ripple CEO revealed a shocking fact: 99.9% of XRP trading volume has nothing to do with Ripple. This information has attracted widespread attention, making people curious about the story behind it. This article will delve into this topic and reveal the mystery of XRP trading.
First, let’s start with the basic concepts of XRP. XRP is a digital currency issued by Ripple, aiming to provide efficient solutions for cross-border payments. Despite XRP’s close ties to Ripple, in fact, more than 99.9% of XRP transactions are not directly facilitated by Ripple. What secrets are hidden behind this data?
In the digital currency market, the trading volume of XRP has always been high, but most of the transactions did not originate from the intervention of Ripple. In fact, the vast majority of transactions occur on major digital currency exchanges and are conducted independently by investors and traders. This independent trading model makes XRP more market dynamic and increases its liquidity.
In addition to digital currency exchanges, XRP is also widely used for cross-border payments and fund transfers between financial institutions. Most of these transactions have nothing to do with Ripple, but are conducted directly by financial institutions. This decentralized feature allows XRP to spread and be applied rapidly around the world.
It is worth mentioning that although Ripple is not directly involved in most XRP transactions, its contribution in promoting blockchain technology and financial innovation cannot be ignored. As a well-known blockchain start-up, Ripple is committed to building a more efficient and convenient cross-border payment network and bringing innovation to the global financial system.
In the field of digital currency, transparency and openness of information are crucial. This data disclosed by Ripple CEO also reminds us to treat digital currency transactions rationally and not to be fooled by superficial data. Only by deeply understanding the operating mechanism behind digital currencies can we better grasp investment opportunities and risks.
In summary, the information that 99.9% of XRP transactions have nothing to do with Ripple reveals the complexity and diversity of the digital currency market. The development of digital currency cannot be separated from the joint efforts of market participants, and the characteristics of decentralization also bring more possibilities to the development of digital currency. Let us pay attention to changes in the field of digital currency and explore new models of future finance.

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Ripple CEO Brad
Garlinghouse recently responded to some of the controversy surrounding Ripple and XRP in the crypto community. He believes that Ripple has been criticized because it is too transparent.

Garlinghouse joins Morgan Creek co-founder Anthony
Pompliano said on the podcast that there is "a lot of misinformation" in the accusations against Ripple, partly because Ripple is "ten or hundreds of times more transparent than anyone in the crypto community."

Pompliano revealed that the biggest question in the crypto community so far is about whether Ripple is dumping XRP tokens, and Garlinghouse reiterated his previous assurance that since XRP is “the most important part of the success and health of the Ripple ecosystem, So we have a lot of XRP.”

He described how Ripple manages its XRP token holdings, noting that the company will unlock 1 billion XRP every month for 55 months. Once XRP is released, Ripple will return 80% of XRP to third parties for future use. He emphasized that while Ripple may have custody rights, the encryption settings in the contract prevent the company from being able to use it at any time.

Garlinghouse said that for the remaining issued XRP, Ripple will either sell it conventionally or over-the-counter (OTC) to institutional clients who want exposure to XRP. He said that the liquidity of the market is now increasing and OTC sales are declining.

Garlinghouse estimates that overall, 99.9% of XRP trading volume on the market has no connection to Ripple.

Garlinghouse also claimed in the podcast that Ripple is “the only instance of large-scale adoption of cryptocurrencies and blockchain over a long period of time.” Although he admitted that he is very interested in Bitcoin and believes that Bitcoin is also "large-scale", in terms of blockchain enterprise solutions, Ripple is the only project that has passed experiments and entered large-scale implementation.

Regarding the relationship between Ripple and XRP, Garlinghouse emphasized that although several former Bitcoin engineers and Ripple founders were involved in the creation of XRP, “XRP existed before the founding of Ripple.”

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