Ripple and the report for the fourth quarter of 2019 of this company, as an important part of the business. Ripple thus demonstrates the transparency of its strategies, as well as updating the team’s views on the state of the XRP market. In particular, quarterly reports indicate program and institutional sales updates regarding Ripple XRP partnerships and integration, and so on. Ripple believes that active communication is an indispensable part of the activity for those interested in their own success. In the fourth quarter of 2019, Ripple calls for building confidence and raising the bar in the industry.
Ripple and Q4 2019 Report: Details
Ripple presented a report for the fourth quarter of 2019, where it called on everyone to build confidence and raise the bar in the industry. First of all, the report indicates that since the creation of Ripple XRP Ledger, more than 150 well-known validators have participated in the network. The variety of these validator nodes further ensures fairness and neutrality in the XRP register. No object can decide which transactions will succeed or fail, and no object can change a transaction after it is added to the main register.
As a result, as explained by Ripple, not a single transaction sent to the XRP register has ever been discriminated against or censored, unlike some health check systems where small groups of miners control more than 51% of the hashing power and can potentially cancel transactions. Ripple also noted that since the second quarter there has been a transition to a more conservative approach, which also led to a decrease in XRP sales. Overall, XRP sales for the fourth quarter totaled $ 13.08 million, compared to $ 66.24 million in the previous quarter.
In addition, Ripple paused with software sales, focusing on over-the-counter (OTC) with several strategic partners that create XRP’s utility and liquidity in strategic regions, including EMEA and Asia. Ripple also commented on the situation with ODL, that is, liquidity on demand, emphasizing the gradual increase in the number of customers. Among them, in particular, MoneyGram, goLance, Viamericas, FlashFX and Interbank Peru. In 2020, plans will continue to create additional corridors with Ripple ODL through APAC, EMEA and LATAM (Latin American countries).
It is also important to mention the investment activities of Ripple. In particular, investing Ripple in Mexico’s largest Bitso exchange to support the payment corridor between Mexico and the United States. The Ripple Xpring Investment Department continued to make it easier for developers to use XRP Ledger and Interledger to implement the Internet of values with tools, services, and software.
In particular, last quarter Ripple acquired Strata Labs to join Xpring and focus on building the Interledger infrastructure, making the Interledger network more accessible to developers. In addition, of the important events of the fourth quarter of 2019 for Ripple, it is worth noting the launch of xpring.io, investments in the BRD and Towo Labs crypto-wallet and many new partnerships.