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Ripple Transfers 1 Billion XRP, Locks 700 Million for December

The blockchain company moves a significant amount of XRP and secures most of it in escrow for the month, with no release scheduled.

XRP

Summary

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Terms & Concepts
  • XRP: A cryptocurrency developed by Ripple used for real-time cross-border payments.
  • Escrow: A financial arrangement where an asset is held by a third party until predetermined conditions are met.
  • Ripple: A blockchain-based payments company facilitating fast, low-cost international transactions.