{"id":8760,"date":"2022-02-25T14:57:24","date_gmt":"2022-02-25T14:57:24","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/xrp-moves-with-the-market-as-ripple-announces-buyout\/"},"modified":"2022-02-25T14:57:26","modified_gmt":"2022-02-25T14:57:26","slug":"xrp-moves-with-the-market-as-ripple-announces-buyout","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/xrp-moves-with-the-market-as-ripple-announces-buyout\/","title":{"rendered":"XRP Moves With the Market as Ripple Announces Buyout"},"content":{"rendered":"
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Source: AdobeStock \/ Unshu<\/figcaption><\/figure>\n

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American blockchain company Ripple<\/strong>-affiliated XRP token moves with the market as CEO Brad Garlinghouse announced<\/a> that the business had just carried out a buyback of Ripple\u2019s series C shares from December 2019, bringing its valuation to USD 15bn.<\/p>\n

As of 10:33 UTC, XRP\u2019s price was up 3.8% at USD 0.63, while other top coins have also registered similar gains.<\/p>\n

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XRP 24h price chart. Source: coingecko.com<\/figcaption><\/figure>\n

Commenting on the company\u2019s plans for this year, Garlinghouse tweeted<\/a> that slowing down was \u201cnot in our vocabulary.” He went on to claim that,\u00a0<\/p>\n

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“Even with 2021\u2019s headwinds, it was our best year on record, and Ripple\u2019s financial position ([USD] 1B in the bank) is the strongest we\u2019ve ever been.”<\/p>\n<\/blockquote>\n

The firm\u2019s CEO also said<\/a> that the RippleX<\/strong>, a platform that enables developers and entrepreneurs to insert payments into their application through the XRP ledger, was at \u201cfull speed ahead\u201d with a number of projects involving non-fungible tokens (NFTs), central bank digital currencies (CBDCs), interoperability bridges, sidechains, and other products.<\/p>\n

As part of the CBDC-related plans, last September, the Royal Monetary Authority<\/strong> of Bhutan<\/strong> (RMA) enlisted Ripple to help it pilot a digital currency.\u00a0<\/p>\n

Meanwhile, despite the bullish approach demonstrated by Ripple, the company\u2019s legal woes with the US<\/strong> Securities and Exchange Commission<\/strong> (SEC) could cast a shadow over Ripple\u2019s expansion plans. The American regulator\u2019s case against the business is centered on the accusation that its token is unregistered security.<\/p>\n

Moreover, the agency has been trying to extend the accusation to its executives, as demonstrated by the SEC\u2019s failed attempt to secure the personal financial records of Garlinghouse and Ripple\u2019s Executive Chairman Chris Larsen.<\/p>\n

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<\/strong>
– Vague News From Ripple Fails To Propel XRP Prices
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– Ripple Wins Right to Access SEC\u2019s 2018 Ethereum Emails as XRP Case Rumbles on
– Ripple Partners With Republic of Palau<\/p>\n

– Ripple and Nelnet Inject USD44M In Solar Energy To Cut CO2 Emissions
– Ripple’s Camp Attacks Bitcoin Mining With ‘The Stupidest Idea’ Again<\/p>\n<\/p><\/div>\n