• Ripple sold $226 million worth of XRP tokens in the fourth quarter.
• The payments processor reported transactions of over 106 million on XRP Ledger and the creation of 228,000 new and unique user wallets.
• Ripple said its popular On-Demand Liquidity product saw strong growth in the last quarter after experiencing its strongest year.
Ripple Sold $226M of XRP in Q4
Ripple sold $226 million worth of XRP tokens, net of purchases, in the fourth quarter, according to its XRP markets report. This centralized fintech company builds global payment products and developed the XRP payment system.
On-Demand Liquidity Product Sees Strong Growth
Ripple’s on-demand liquidity (ODL) product has seen continued growth in the last quarter after a strong year for demand from both new and existing customers adopting ODL. The product is now available across forty countries.
Real World Utility from NFTs to CBDCs
Ripple’s SVP of Global Customer Success and Managing Director for APAC and MENA, Brooks Entwistle discussed crypto and blockchain predictions for 2023 with an emphasis on real-world utility from NFTs to CBDCs.
SEC Lawsuit & Partnership with Solana
The article also discussed the latest developments related to Ripple’s SEC lawsuit as well as their partnership with Solana and Global Blockchain Business Council to explore crypto-based solutions for climate change.
In conclusion, Ripple has seen continued success due to its focus on developing real-world utility for its products such as On-Demand Liquidity as well as partnerships with industry leaders like Solana to explore solutions for climate change.