Ripple Claims More Decentralization as XRP Holdings Drop to 50%

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Ripple Claims More Decentralization as XRP Holdings Drop to 50%
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San Francisco-based fintech firm Ripple released its third quarter report revealing that its control over its native token is diminishing.

Ripple disclosed that its total net sales of XRP for the period were down to $310 million from the $409 million it sold in the second quarter.It added that these sales have been solely linked to its on-demand liquidity transactions which have been increasing.

Other ODL partnerships included Singapore-based institutional digital payment solution provider FOMO Pay and Philippine remittance service provider iRemit.

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