Friday, May 01, 2020 11:41:25 PM
This drop in sales comes as the company halts XRP sales to crypto exchanges. Sales to exchanges—known as programmatic sales—have been paused since Q2 2019. They once accounted for the majority of Ripple's sales volumes, but these “token dumps” were a point of contention in the Ripple community because it purportedly affected price performance.
The report also stated that Ripple has been focusing on over-the-counter (OTC) channel for XRP sales “in strategic regions including EMEA [Europe, the Middle East and Africa] and Asia."
Meanwhile, global trading volumes of XRP have increased by 72% in Q1 2020 to $29.68 billion. They stood at $17.24 billion in Q4 2019.
It noted that its On-Demand Liquidity (ODL) payment network transactions tripled in transaction volume. “Customers continue to see the value of XRP through significant cost-savings by eliminating the need to pre-fund international accounts,” the report said, adding that “the dollar value transacted increased by more than 294%.”
Recent XRPUSD News
- XRP Bullish Signal: Shark & Whale Population Sharply Growing • NEWSBTC • 07/31/2024 09:00:41 PM
- Long-Awaited Ripple vs. SEC Verdict Looms: Is Another 60,000% XRP Price Moonshot On The Horizon? • ZyCrypto • 07/31/2024 08:17:12 PM
- Fed Impact in Crypto Market, California DMV Adopts Avalanche Blockchain, Riot Boosts Bitfarms Stake • IH Market News • 07/31/2024 07:42:27 PM
- Ripple’s Legal Battle Gains Momentum As SEC Drops Security Claims Against Multiple Cryptos • ZyCrypto • 07/31/2024 06:41:26 PM
- XRP Analyst Thinks The Coin Is Ready To Skyrocket By 21,000% To Over $150 • NEWSBTC • 07/31/2024 06:00:03 PM
- Price analysis 7/31: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB • Cointelegraph • 07/31/2024 05:42:54 PM
- XRP Goes To All-Time High If This Resistance Breaks: Crypto Analyst • NEWSBTC • 07/31/2024 04:30:16 PM
- Why is XRP price up today? • Cointelegraph • 07/31/2024 12:01:10 PM
- XRP Price Jumps As Ripple Leadership Blasts SEC’s ‘Hypocritical’ Crypto Regulation • NEWSBTC • 07/31/2024 04:30:03 AM
- XRP Price Beats BTC: Surging Higher and Aiming for More • NEWSBTC • 07/31/2024 03:48:38 AM
- Ripple’s XRP Leads Gains In Crypto Majors As Bitcoin Price Sinks Below $66,000 • ZyCrypto • 07/30/2024 09:09:01 PM
- Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs • NEWSBTC • 07/30/2024 03:00:12 PM
- Bitcoin ‘Back On Radar’ To Hit $80,000, Then New ATH, Analyst Says • NEWSBTC • 07/30/2024 12:00:57 PM
- XRP Price Poised For ‘Ultimate Breakout’ With $18 Price Target: Crypto Analyst • NEWSBTC • 07/30/2024 07:30:14 AM
- XRP Price Range-Bound: Can It Maintain Support and Break Out? • NEWSBTC • 07/30/2024 04:18:54 AM
- Vice President Kamala Harris Reaching Out to Coinbase and Others To Develop Close Ties With Crypto: Report • The Daily Hodl • 07/29/2024 04:55:29 PM
- 16,500% Price Explosion: Analyst Foresees XRP’s Wild Ride To $100 As Ripple-SEC Saga Heads For Conclusion • ZyCrypto • 07/29/2024 03:53:18 PM
- XRP Price Hints at Breakout: Can It Achieve New Heights? • NEWSBTC • 07/29/2024 04:38:08 AM
- Bitcoin wobbles as Trump delivers pro-crypto conference speech • Cointelegraph • 07/27/2024 09:02:22 PM
- XRP Witnessing Crazy Bullish Crowd Sentiment As On-Chain Activity Hits 4-Month High • ZyCrypto • 07/27/2024 03:14:20 PM
- VanEck CEO Owns ‘Way Over 30%’ In Bitcoin, Asset Manager Sees $2.9M Price By 2050 • NEWSBTC • 07/27/2024 04:00:54 AM
- Analyst Says XRP Remains Strongest Compared To Bitcoin And Ethereum, Here’s Why • NEWSBTC • 07/26/2024 10:00:26 PM
- CRV Dumps 50% In 1 Year: Founder’s Forced Liquidations A Pain For Holders • NEWSBTC • 07/26/2024 07:00:51 PM
- Price analysis 7/26: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB • Cointelegraph • 07/26/2024 05:31:21 PM
- Amid Ripple Big Wins In SEC Tussle, Alderoty Says Efforts To Litigate Crypto Industry Will Fail • ZyCrypto • 07/26/2024 02:49:55 PM
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM
Kona Gold Beverage Significantly Reduces Debt from Multiple Holders • KGKG • Jul 31, 2024 9:00 AM
Avant Technologies Opens Equity Line with GHS Investments as Company Explores Expansion into Additional Technologies • AVAI • Jul 30, 2024 8:00 AM
ELEMENT79 GOLD CORP PROVIDES UPDATE ON CHACHAS COMMUNITY CHARTER AND REVENUE GENERATION, M&A ACTIVITIES • ELMGF • Jul 30, 2024 8:00 AM
INDEXR AI Merges With Moon Equity Holdings Corp. (MONI), Creating a Leading-edge Technology Company • MONI • Jul 29, 2024 9:59 AM