Ripple XRP sales grew 97 percent in the first quarter
According to the published report, Ripple has increased its XRP sales by 97% in the first quarter of 2021.
The San Francisco-based company sold a total of $ 150.34 million XRP this quarter. Ripple attributes the increase to "deeper engagement" with customers who use XRP for overseas payments:
"Ripple continues to sell as part of providing XRP liquidity to improve the ODL experience for specific customers, eliminate the need for prepayment and enable fast global payments."
In December, the US Securities and Exchange Commission accused Ripple of illegally selling $ 1.3 billion worth of XRP and launched a protracted legal battle.