In a recently released quarterly report, Ripple increased XRP revenue by 97% ($76.27 million -> $150 million) in the first quarter of 2021. This was reported by YouTube on the 6th (local time).
The San Francisco-based company sold a total of $153.4 million worth of XRP in the first quarter. This is attributed to the “higher engagement impact” of customers using XRP-based ODL products for cross-border payments.
“Ripple continued to engage in sales to support ODL and key infrastructure partners as part of increasing XRP liquidity to improve the ODL experience for certain customers, eliminating the need for upfront financing, and enabling immediate global payments.”
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.