The share of Ripple among the Holders XRP first dropped below 50%

For the first time in history, the volume of Ripple Labs of XRP tokens fell below 50% of the emission. Such data are given in the report on the company’s activities for the third quarter.

Fintech Startap controls only four of more than 130 NODs in XRP Ledger (XRPL).

The figures presented were a response to statements about a high degree of project centralization.

“XRP Ledger (XRPL) uses Federal Byzantine Agreement to check transactions, add new functions and ensure network safety. This means that each validator receives one vote, regardless of how much XRP he owns “, – The report says.

During July-September, the total sales volume of the XRP Fintech-Startap amounted to $ 310.7 million ($ 408.9 million per quarter).

“Ripple continues to sell XRP only in conjunction with ODL transactions . The volumes of Hyosung ATMs will the transaction service have increased as the business expands this direction “, – explained in the document.

In the third quarter, the company entered into a partnership with the forex dealer Travelex to facilitate payments between Brazil and Mexico.

Ripple Labs also commented on a long dispute with SEC . In October, the company received internal documents of the regulator regarding the speech of the ex-director of the corporate finance department of the regulator William Hinman.

“Sec continues to intentionally create ambiguity instead of giving clear instructions. This approach is used to take forced measures to suppress innovation in the United States “, – explained in the report.

Recall that in October the Ripple command began testing EVM -compatible Sidchane.

In March, the company promised to allocate 1 billion XRP for the XRP Ledger ecosystem development program. As priorities, the company allocated Sidchans, NFT, infrastructure and related network security projects, as well as tools for developers.

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