Ripple's XRP Revenue Grows 31% In Q1 American fintech company Ripple released its Q1 2019 financials showing that it raised $ 169.42 million from XRP sales during this period. The value was up 31% compared to the fourth quarter when $ 129.03 million of XRP were sold.

Ripple's XRP revenue up 31% in Q1

American fintech company Ripple publishes financial report for the first quarter 2019, indicating that during this period she managed to bail out $ 169.42 million from the sale of XRP cryptocurrency.

The value is up 31% compared to the fourth quarter when $ 129.03 million XRP was sold.

Direct institutional sales brought the company $ 61.93 million versus $ 40.15 million in the previous quarter. The indicator of "programmed sales", that is, sales carried out with the help of intermediaries, also increased and amounted to $ 107.49 million against $ 88.88 million.

Total XRP trading volume declined approximately 2% to $ 53.85 billion in the first quarter of this year versus $ 54.82 billion in the fourth quarter of the previous year.

For comparison, for the same period last year, Ripple managed to sell XRP for $ 167.7 million, that is, the change in the indicator was about 1%.

Ripple releases 3 billion XRP from its escrow wallets in Q1. Together with that, XRP 2.3 billion was returned and entered into new escrow contracts. “The remaining 700 million XRP, which did not return to wallets, are used in various ways to support the development of the XRP ecosystem,” the company explains..

In the middle of the month, it became known about the decision of the Japanese bank Resona to withdraw from the MoneyTap payment project being developed by Ripple.

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