Visa to Acquire Ripple Partner Earthport

Partnetship with Ripple was made for XRP protocol integrating into company's payment network to improve international transfers
29 December 2018   1287

Financial giant Visa is buying Earthport Plc, cross-boarder payment network, partner of Ripple. This is reported by Cointelegraph

Earthport was founded back in 1997. Based in the capital of Great Britain, financial company provides payment service to banks and financial institutions. Partnetship with Ripple was made for XRP protocol integrating into company's payment network to improve international transactions.

It is reported that deal was made for  £198 million ($251 million), or 30 pence ($0.38) per each Earthport share; this exceeds the stock’s Monday closing price of 7.45 pence by over four times

Shares of Earthport, traded on the London Stock Exchange, lost about 28% this year due to growing losses and expenses. After that, company considered changes in its strategy.

Ripple to Move 1B XRP From Escrow

The community has reacted quite violently; at the current rate, 1B XRP is $225 000 000
02 December 2019   305

California fintech startup Ripple unlocked another $ 225 million XRP tokens from escrow account.

After the first transaction, several tranches totaling 40 million XRP went to unknown addresses. As you can see from the comments above, the community is in mixed feelings.