Ripple- XRP have release the year ending Q-4 report for 2017. They share updates partnerships and future protections.
I hold XRP and want to see the projects keep coming in and hope the growth of XRP can reach world wide adoption. I understand many in the space are do not back the XRP projects and want nothing to do with XRP do to the fact they are helping the banks work in the crypto space. Also feeling that XRP is not a "real" cryptocurrency
At the time of this posting XRP was down just under 3% at $1.31 USD or .0001172 BTC on the exchange Binance
From report-
"Quarterly Sales
In Q4 2017, market participants purchased $20.1 million directly from XRP II, LLC1 — our registered and licensed money service business (MSB). These participants tend to be institutional buyers, and their purchases typically include restrictions that mitigate the risk of market instability due to potential subsequent large sales
Additionally, the company sold $71.5 million worth of XRP programmatically as a small percentage of overall exchange volume. For Q4, these sales represented 0.075 percent (7.5 basis points) of the total $95.4 billion2 traded — a decrease from Q3 2017’s 0.20 percent (20 basis points)." Full report here
Do you feel XRP is a solid investment? Are you hoping they fail and imped the growth of modern banks in the crypto space?
Love to hear your view on Ripple XRP