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Garlinghouse Addresses XRP Dumping Accusations

 

Brad Garlinghouse has said the company doesn’t wish to just ‘dump’ XRP.

Garlinghouse spoke to CNN at the end of last week where he mentioned the contention to the debate surrounding Ripple’s relationship to the XRP token.

 

The CEO of Ripple, Brad Garlinghouse has said the company doesn’t wish to just ‘dump’ its related XRP currency despite there being a huge amount of it being sold.

Garlinghouse spoke to CNN at the end of last week where he mentioned the contention to the debate surrounding Ripple’s relationship to the XRP token, which has been able to make a few gains over the past day. 

Speaking in the interview, he said:

“In the XRP community, Ripple is the largest owner, and the point I have made is we’re the most interested party in the success of the XRP ecosystem.”

Following this, the topic moved onto how Ripple is in charge of such ownership, the CEO goes onto say:

“Yes, Ripple owns a lot of XRP, we’re very interested in the success of XRP, but the accusations of us dumping, that’s not in our best interests to do that […]. We would never do that and in fact, we’ve taken steps to lock up most of the XRP we own in escrows so we can’t touch it.”

Price

In terms of the price of Ripple’s XRP, the token has been performing well on the day with a 10.39 per cent positive movement over the past 24 hours, giving it a price of $0.21 at the time of writing. 

As we start this new decade, Ripple released a billion XRP tokens from escrow. This was said to be part of a planned operation. If you’re curious that billion XRP would be worth around $200k.

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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