Ripple controls less than half of XRP's supply: What does it mean?
The crypto -verse started out as an entity free from the shackles of centralized systems. However, with time decentralization began taking a backseat in the ecosystem. Prominent fintech firm Ripple and cryptocurrency XRP was time and again called out for being increasingly centralized. Now, however, things seemed to be changing with Ripple reducing its XRP holdings. According to Ripple’s Q3 2022 markets report, the firm reduced its holdings below 50 percent of the total supply for the very first time. This is reportedly considered a “huge milestone” for the firm. Brad Garlinghouse, the CEO of Ripple took to Twitter and said, Below 50% – a huge milestone! For 10 years, Ripple has focused on using XRP & the XRPL within our products for its speed, security and scalability for movement of value. As more customers use XRP in their payments flows, it’s clear there is real utility here. https://t.co/jKZwye17uZ — Brad Garlinghouse (@bgarlin...