Ripple first conducted an XRP buyout

Ripple first reported on the redemption of XRP coins: in the III quarter 2020 year Ripple redeemed XRP on $46 million, In addition to the company's wallets already stored.

In reports for III Quarter 2020 Ripple writes, that the decision to redeem XRP was made to "maintain a healthy market". It is, most likely, About that, to attract interest in cryptocurrency and increase its market value. It is quite possible, that the XRP ransom will continue.

“In the long run, we will develop new functions in our ODL solution, To allow customers to receive liquidity from all over the market, And not just from Ripple reserves ", - said the company representative.

But the reporting contains other operations: in the III quarter 2020 year Ripple sold XRP for the amount $35.84 Milln institutional investors.

Recall, that now Ripple is considering the transfer of headquarters from the United States due to regulatory uncertainty. The UK was called the most likely jurisdictions
And Japan.

Recently, Ripple Technical Director David Schwartz (David Schwartz) He said, that now financial institutions have few incentives for the adoption of XRP, However, it will gradually change.