Around the clock you can directly track the conversions and purchases made on the RIBL network of funds from the XRP Charts service provided by the company and show transparently high transactions, cancellations and other steps of investors and traders.
Returning to March 15, 15:53, 2015, 15:51 AM was converted by RIPEL XRP from a digital portfolio titled rMCa3o92WJDHDw7GLZiP85Pp3ZRkb87xUp to another digital portfolio with a different title which is rPRuysDxGUiqnMmTZoAihXijcwPnP1r64U.
The process that has been successfully carried out is a "payment process" and we do not really know who its parties are, since we can not verify the identity of the holders of the two portfolios.
But there are explanations and information that we have reached in this case, which we are reviewing together in this detailed article.
The process was in parallel with rumors about a partnership with Tencent Holding Limited
For weeks, there has been talk of a possible partnership between RIPEL and China's Tencent Holding Limited, which has investments in Chinese and US companies, most notably SnapChat.
The Chinese giant has not yet confirmed the news, but the company may be interested in investing in the digital currency and has taken this step to bet on a project with a dazzling future and will have hundreds of billions of dollars on the company.
Although investing in the digital currency sector is prohibited in China, the investment company, which has a strong relationship with the Chinese government, may have news of a law to regulate the sector and want to take advantage of it early.
Currently, this partnership is a mere rumor, even reliable news sources have not confirmed it or discussed the possibility of it happening.
A company with a large liquidity is able to make a transfer of this great value, and individuals and investors are unlikely to do one of them this step
The commission was few considering the total cost
The cost of the conversion is 0.000012 RIPEL XRP, which cost the person behind the process in total $ 10.1 billion.
This is a simple commission even though it reached $ 100 million, not a large percentage compared to the total amount of the deal.
If this process was done by Bitcoin or another digital currency, the commission would be much larger than this amount, which is the disadvantage of the XRP.
It may be a process by a particular bank or financial institution
The largest conversion process monitored by digital currencies was the purchase of $ 400 million by an anonymous investor.
The process was carried out in the current 2018 digital currency crisis, with one of them raising his property from 55,000 Betcuen 96,000 homes, without anyone being able to identify him.
But the new record is owned by the XRP, which has bought 10 billion dollars of this currency in one deal and also in light of the current crisis.
For the world's third largest currency, there are many financial institutions and banks that have partnerships with the developer. It is not unlikely that Western Union, MoneyGram, or any other entity would have received this amount of money to use for the transfer of funds.
It is known that the various institutions contracted by #Ripel are still in the experimental and preliminary phase of the partnership, but soon we will see the use of RIPEL XRP in accelerating financial transactions.
It is not unlikely that some financial institutions and banks will invest in total secrecy in digital currencies and have chosen to buy a huge amount of XRP.
What makes these institutions choose this currency is because it is the fastest digital currency in terms of growth in value and profit, in addition to that the company developed to welcome the organization of this sector and have no problems with the financial system and control.
Evidence that the crisis the opportunity to buy more digital #currency
The current crisis will end sooner or later, but remorse and regret will usually persecute those who are interested in buying and have not exploited the return of these assets to the lowest possible levels.
It seems that those who bought $ 400 million from #Bitcoin and those behind the $ 10 billion deal from the #XRP share the current crisis as an opportunity to buy, invest, not sell.
