Ripple aims at a $1 billion XRP treasury fund, but is it real?
Ripple is rumoured to be planning a $1 billion XRP buyback via a new treasury vehicle. Here is what is known, what is just speculation and what it could mean for the markets.
Xrp
XRP is a cryptocurrency developed by Ripple Labs to facilitate fast and cheap transactions globally. It uses a distributed ledger called XRP Ledger, which does not rely on traditional mining, making transactions fast and energy efficient. XRP is primarily designed to facilitate cross-border payments, offering a scalable and cost-effective solution for banks and financial institutions.
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