Among the key talking points in the article, Hayden highlighted how Ripple encourages ODL partners, like Tranglo as one of the largest, to transact with XRP.so that they can offer transfers via XRP with a reduced fee. In this way, the crypto company manages to circumvent the indirect sale of XRP. It appears that through ODL, Ripple lends XRP to its partners at Tranglo, which in turn sells the cryptocurrency on an exchange and gives the loan back in cash, Hayden reasons.
She then questions why Ripple is not offering a discount to all of its customers if it is reimbursing Tranglo and other partners for charging lower fees for XRP transactions.
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What A Sputtering SPAC Reveals About Ripple’s Billion-Dollar XRP BusinessRipple says that XRP is improving cross-border payments, but new filings from the crypto firm’s Asian partner Tranglo suggest that customer adoption is lagging. So why are Ripple’s XRP sales accelerating?
Source: Forbes - 🏆 394. / 53 Read more »
What A Sputtering SPAC Reveals About Ripple’s Billion-Dollar XRP BusinessRipple says that XRP is improving cross-border payments, but new filings from the crypto firm’s Asian partner Tranglo suggest that customer adoption is lagging. So why are Ripple’s XRP sales accelerating? FOMO. Likely it is why I guess. May I ask who uses XRP? I mean I have seen several partnerships from Ripple but how is that beneficial for XRP? Its price practically moves the same as the previous years. The recent pump was caused by BTC and the whole market in general. IDK 🤷♂️ 49¢ shitcoin
Source: Forbes - 🏆 394. / 53 Read more »
What A Sputtering SPAC Reveals About Ripple’s Billion-Dollar XRP BusinessRipple says that XRP is improving cross-border payments, but new filings from the crypto firm’s Asian partner Tranglo suggest that customer adoption is lagging. So why are Ripple’s XRP sales accelerating? Have fun hodling WEF endorsed Ripple. I won't cry if you'll get reck'd.
Source: Forbes - 🏆 394. / 53 Read more »