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Author Topic: [2017-12-01] Ripple to Place 55Bln XRP in Escrow by the end of the year  (Read 136 times)
SlipMart
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December 01, 2017, 09:43:47 AM
Last edit: December 03, 2017, 07:22:37 PM by SlipMart
 #1

                                              

Having shared the vision of an Internet of Value in which money moves like information moves today. Key to realizing that vision is lowering the cost of payments, especially in emerging markets. Financial institutions can use XRP, the native digital asset to the XRP Ledger, to exactly that end if XRP is highly liquid. To build XRP liquidity, we have been mindful over the years about how we distribute XRP. Our goal in distributing XRP is to incentivize actions that build trust, utility and liquidity. We engage in distribution strategie...

Read More: https://bitzamp.com/letter-to-bitcoin-and-bitcoin-cash-miners]https://bitzamp.com/letter-to-bitcoin-and-bitcoin-cash-miners/]https://bitzamp.com/letter-to-bitcoin-and-bitcoin-cash-miners
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December 01, 2017, 09:54:22 AM
 #2

                                               

Having shared the vision of an Internet of Value in which money moves like information moves today. Key to realizing that vision is lowering the cost of payments, especially in emerging markets. Financial institutions can use XRP, the native digital asset to the XRP Ledger, to exactly that end if XRP is highly liquid. To build XRP liquidity, we have been mindful over the years about how we distribute XRP. Our goal in distributing XRP is to incentivize actions that build trust, utility and liquidity. We engage in distribution strategie...

Read More: https://bitzamp.com/letter-to-bitcoin-and-bitcoin-cash-miners/
Here is that article again, but from May 2017!
https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/

I'm not sure why you are posting it as if it is new news, it isn't!
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December 01, 2017, 10:12:09 AM
 #3

OK, but I think this news is already priced in to Ripple gain since last week because they already said they would do this many months ago. Now it is less than one month left to fulfill this decision,,, so if it does not happen, we should all prepare for a small dip instead!

In any situation,,, Now, all cryptos are wilting together with Bitcoin, doubt this kind of news can have a big impact on current trends. We need something more substantial that is happening for sure, or has already happened. Not this type of promises that you can hear every day on every project.

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