Hey guys and girls, today we have a couple of bullish news articles to share with you, no matter how much the news outlets try to mix in FUD with this news.
Ripple have announced that they are welcoming Yoshitaka Kitao, CEO of SBI Holdings, as a member of their board of directors.
Chris Larsen stated “I am excited to welcome Mr. Kitao to our board of directors, from conventional financial markets to digital asset markets his deep understanding of the financial services industry will offer valuable business insights to help Ripple scale.
Approximately half of our customers are located in Asia and we are rapidly expanding our global footprint across the region. Mr. Kitao comes at a perfect time for Ripple as we look to deepen our customer base in Asia and beyond.”
Also, Ripple has announced that sales of the cryptocurrency XRP grew 31% in Q1. Ripple sold a total of $169 million of XRP in Q1, compared to $129 million in the previous quarter. Ripple further stated that direct institutional sales of XRP total $61 million in Q1, 51% more than the previous quarter. Programmatic sales of the cryptocurrency meanwhile grew from $88 million to $107 million, an increase of 21%.
There’s even more good news to bring you! The Ripple xRapid corridors Bitso and Coins Ph have witnessed a 14-day high. Ripple’s payment solution xRapid witnessed lower overall volume however the independent corridor’s Bitso and Coins Ph witnessed higher volumes over the past 14 days.
A Twitter user by the name of Behind The Ledger tweeted ‘although xRapid volumes have slowed from the levels we saw in early April today the flows through Bitso and Coins Ph are at new 14-day highs.’ Bitso’s xRapid volume was $28,000 whilst that at Coins Ph was $77,000. These two corridors alone have transferred $2.5 million since March.
That’s it for today guys, a couple of positive pieces of news to share with you, to further support our claim that Ripple is unstoppable. Their technology, the currency, the partnerships, the expansions and ongoing adoption is the reason no company or crypto comes close to matching them.
Whatever you’re all doing we wish you health and happiness and will be back with some more news and insights soon. We love crypto, we love XRP and we love you!
Written by Dominic Zohreh
Twitter – domz_invests
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