Ripple to Sell $169.42M Worth XRP in Q1 2019

It's 31% more than in Q4 2018, when company was able to sell less than $130M worth XRP
25 April 2019   742

Ripple published a financial report for the first quarter of 2019, indicating that during this period it managed to gain $ 169.42 million from the sale of XRP cryptocurrency. The value increased by 31% compared with the fourth quarter 2018, when XRP was implemented at $ 129.03 million.

Direct institutional sales brought the company $ 61.93 million compared to $ 40.15 million in the previous quarter. The indicator of “programmable sales”, that is, sales carried out with the help of intermediaries, also increased and amounted to $ 107.49 million against $ 88.88 million.

XRP Sales Table, Q4 2018 | Q1 2019
XRP Sales Table, Q4 2018 | Q1 2019

Total XRP trading declined by about 2% to $ 53.85 billion in the first quarter of this year, against $ 54.82 billion in the fourth quarter of the previous year.

For comparison, for the same period last year, Ripple managed to sell XRP for $ 167.7 million, that is, a change in the indicator was about 1%.

In the first quarter, Ripple released 3 billion XRP from its escrow wallets. At the same time, 2.3 billion XRP were returned and entered into new escrow contracts. “The remaining 700 million XRP not returned to escrow are being used in a variety of ways to help support the XRP ecosystem,” explains the company.

In the middle of the month, it became aware of the decision of the Japanese bank Resona to withdraw from the MoneyTap payment project being developed by Ripple.

Coincheck Users to Earn Crypto For Survey Participation

Coincheck Survey service is going to be launched on 10th of September
04 September 2019   903

The leading Bitcoin exchange in Japan, Coincheck, together with marketing company Macromill, will launch the Coincheck Survey service, which will allow users to earn points for participating in surveys, and then exchange them for cryptocurrencies. This was reported in a press release by the Monex Group, the parent company of the exchange.

In particular, the points obtained from passing the polls can be exchanged for Bitcoin, Ethereum and Ripple.

Note, in order to participate in the surveys, you must have an account on Coincheck.

The launch of the new service is scheduled for September 10.