Ripple, XRP and MoneyGram. This combination has probably taken care of at the beginning of the close collaboration for a lot of excitement in the Crypto Community. In June, Ripple, announced that the company will invest a total 50 million USD to MoneyGram. This investment should not only MoneyGram, the global Nostro help to reduce accounts, but also the actual Use-Case of XRP in the Form of a bridge currency for regulations. But now has come out that MoneyGram, as well as the CEO Alex Holmes hold no XRP. What does that mean exactly and what is the reason?
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Ripple provides the necessary liquidity
By MoneyGram Ripple was able to win his On-Demand Liquidity (ODL) solution, finally, to travel. In the case of ODL XRP is used as a bridge currency, to switch from one to another FIAT currency. This allows companies within the shortest period of time with low rates of cross-border payments. Often, for example, banks must hold so-called Nostro accounts abroad, to have in the case of a Transfer, the necessary liquidity directly to the spot. The tied-up capital can be used at this time for anything else. Ripple wants to change this with XRP sustainable and international payments to revolutionize.We have spoken yesterday about the CNN Interview with the CEO of MoneyGram. It was that Ripple needs to attract more traders to trade with XRP, there is, of course, liquidity currently for large transactions insufficient. This Ripple has currently a solution, just a Smile conjures up but many XRP investors well in the face. Ripple makes his own XRP exchanges and Market makers available to ensure the necessary liquidity in the individual payment corridors. This increases automatically the number of XRP in circulation and continued in the long term, the XRP price.Therefore, it is not to be assumed at this point that is currently assumed that the increased usage of ODL will lead to a price increase. Ripple has, in fact, over 55% of all XRP and can therefore provide many more years for the necessary liquidity from their own home.
MoneyGram considers himself no XRP
It is often said that not only the small investors are invested in XRP, but that institutional investors are already piling up for a long XRP in the Background, and also of the glorious future, convinced. But in the CNN Interview, speaks a different language. MoneyGram and CEO Alex Holmes to keep himself a single XRP. In an Interview, Holmes said that because of regulatory uncertainties, the company do not have any XRP. Quite the contrary, MoneyGram substitutes for all XRP directly in FIAT.
Each XRP, we get, we sell as soon as possible.
This is true not only for XRP, but also for all other crypto-currencies. The company is certainly not only with the regulatory difficulties, but also don’t want to keep a high share of a risk investment. Because the crypto currencies are currently live in. But the fact that the CEO himself holds a single XRP makes a wonder. Want to be the good man the Chance of a lifetime is about to escape, or he might not look at all the potential which XRP is awarded? At this point we can only speculate, of course.The best and safest stock market choose for you to opt for the right provider is not always easy. Therefore, we recommend that you take a look at our Bitcoin brokers & exchanges to throw a comparison. Trading on the safest and best exchanges in the world! For Comparison
Ripple secretly selling his XRP via MoneyGram?
Much more interesting, however, is speaking of what XRP MoneyGram at all. The investment by Ripple took place in USD. Could it be, then, that MoneyGram also gets a part from the XRP cake directly from Ripple? If so, then Ripple is more aware of XRP at MoneyGram, so you throw it directly on the market. It was always spoken of certain contracts, and holding periods, the companies must in the case of an OTC purchase directly from Ripple self-sign, but apparently this is not the rule.Of course, this has no long-term positive consequences for the XRP price. The offer to take this and automatically suppresses the price. Because of a natural demand for XRP, outside of ODL, we can not speak currently. Exactly it shows in the Ripple Performance in 2019. The price has plummeted by almost 50% since the beginning of the year.Currently, there are no official Figures on this. It is clear, however, that MoneyGram also receives payments in XRP, and then directly sold in the market. So, we are looking first of all looking forward to January, where the next quarterly report of the Ripple is published. Maybe then we also get the answers to these connections, which can not really explain, and a bitter taste left.What do you think about the XRP sales by MoneyGram? Ripple is actually selling his XRP over the company?Come on in to our Telegram Chat and talk with the experts and the Community!
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