Ripple and XRP had to have this year’s neat springs. Not only is the Ripple (XRP) course, had to bleed in the last few months, like most other Altcoins, but especially the centralized distribution of the XRP and the OTC sales through the Ripple, were the subject of criticism. Now, Brad garlinghouse has said in a lengthy Tweet to the allegations and tries to explain the current Situation.
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Ripple CEO responds to allegations of XRP
In the run-up to the regular Market Report of the Ripple has caused quite a stir. Although the speech was that eg are increased, the transactions of xRapid and thus XRP to 170% in 2019, but also that Ripple sold in the first 6 months in 2019 and around 1.6 billion XRP from the Escrow/invested. Ripple could generate sales of nearly 420 million USD. These sales increase the amount of XRP in circulation and in the long term lead to an increased offer. This sets the Ripple (XRP) price increasingly under pressure.
I’m always struck by the questionable sources (i’m being generous here) spreading FUD about #XRP and @Ripple. Even more so over the last few weeks (Ripple’s XRP sales, litigation, etc.)…. thus, I feel compelled to comment, Brad garlinghouse (@bgarlinghouse) August 27, 2019
Ripple CEO does not see XRP as a Security
In addition, you must contact the company with a class-action lawsuit in which the Ripple XRP will sell the accused as a non-registered securities (Security) to. Garlinghouse has announced that the company will respond to these allegations as well, and that they only serve to spread FUD (=fear, uncertainty and doubt) about Ripple and XRP.
As a defendant in the class action lawsuit, I will not go into the Details (answer of Ripple is coming soon). I want to tell the SEC to:-policies are not issued by the Commission, and there are no laws, rules or regulations. It is clear that XRP is not a Security, and the United Kingdom and others have already said.
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Ripple’s CEO, compares the rate of inflation of XRP with Bitcoin (BTC)
According to Garlinghouse Ripple sets a Standard in terms of transparency, other organizations, companies and foundations in the area should follow. He refers in his statement to the rate of inflation of XRP in comparison to Bitcoin and Ethereum.
In the case of XRP sales to expand the Use of XRP – the build-up of RippleNet and the support of other Business with XRP, for example. Dharma & Forte. The reality is that we have reduced our sales by volume Q/Q and since then, the inflation rate of the XRP in circulation offer is lower than that of BTC and ETH.
At this point, but does not have to be said that garlinghouse is with his statement with respect to the lower Inflation correctly. The inflation rate of Bitcoin is currently at around 3.6% per year. Ripple has, however, brought in the first 6 months, a total of 1.6 billion XRP in circulation, which corresponds to an Inflation of about 3,87% in the first half of the year. If the sales are still similar, then the Inflation of XRP is about 7,74% per year. In addition, the BTC Inflation will be reduced at the next Bitcoin Halving the half.
Ripple controls more than 50% of all XRP
Not to forget also is that Ripple has, theoretically, every month access to 1 billion XRP from the Escrow. Although it is used only a part for sales and investment, but there is the possibility for the company is to introduce yet more XRP into the market. In addition, Ripple control more than 50% of all XRP.
Ripple continues to set industry standards in terms of reporting and transparency (for an example of our quarterly market report). We set everything, and it is not our view, but a fact.
The Tweet-a series of garling house follows a Bloomberg report on the Performance of Ripple (XRP) price in the year 2019, and one of 2,000 people, under the Petition of the company was asked to signed to cease the sale of XRP.Who has not understood the different and relationship between Ripple and XRP still, we Recommend to our Ripple and XRP fact check will Ripple against the allegations with respect to XRP claim? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)