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Ripple needs to acquire another company. Spend some of that money instead of sitting on it for no apparent reason. Reinvest, build, repeat.Earlier this year, McBride tweeted that “Ripple has tons of capital.” Recently, the San Francisco-based fintech behemoth secured several important new partnerships.
The second partnership was inked by Ripple with a payments provider Clear Junction based in the U.K. The goal was to boost the efficiency and security of payouts in pounds sterling and the euro.coins to an unregistered blockchain wallet. This data about the transfer worth $78,209,179 in fiat was shared with the cryptocurrency community by the popular crypto tracking service Whale Alert.
This staggering transfer raised eyebrows and made many XRP fans leave questions and guesses in their comments as to what is happening and what could be the reasons behind this sizeable XRP transaction. Some were wondering if Ripple began to sell some of its XRP holdings.Bithomp XRP explorer shows that the 150 million left Ripple’s -5x1o91m wallet and went to an anonymous address -63sKxv3. However, behind it stands Ripple, according to the same data source.
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