HomeCryptoAltcoinRipple: an OTC billion XRP transaction

Ripple: an OTC billion XRP transaction

Like every first of the month, Ripple carried out the 1 billion OTC (over-the-counter) transaction (worth around $309 million) for April on behalf of the private third parties that are part of its ecosystem.

The transaction was carried out as usual through an OTC system and the details are the following:

ripple otc transaction

As we can see from the memo, even this time it features a particular comment, apparently added by the validator who executed the billion dollar transaction, and not by Ripple itself. The comment refers to a YouTube video (with just under 8000 views) by a Ripple fan, Jungle Inc.

The file actually contains only audio in which the fan praises the cryptocurrency and Coinbase where it is possible to buy the XRP crypto.

In the audio there’s also talk about Fidelity and other topics related to the crypto world and traditional investments and how they are adapting to the crypto world, one example is the JPM Coin.

Finally, Jungle Inc. also talks about mass adoption, which cannot be achieved through speculation on crypto.

Ripple has now accustomed its followers to this kind of communication, and with today’s memo, it has gone further, including a video that seems to be meaningless with respect to the transaction itself. The hypotheses aren’t very reliable, especially considering the fact that it occurred yesterday, April 1st).

In addition, the memo also mentions several members of the Ripple world, such as the CTO, David Schwartz, the CEO, Brad Garlinghouse and founder Chris Larsen.

The next appointment is now scheduled for May 1st and even then another memo will probably be waiting to be deciphered and understood by the whole community.

Alfredo de Candia
Alfredo de Candia
Android developer da oltre 8 anni sul playstore di Google con una decina di app, Alfredo a 21 anni ha scalato il Monte Fuji seguendo il detto "Chi scala il monte Fuji una volta nella vita è un uomo saggio, chi lo scala due volte è un pazzo". Tra le sue app troviamo un dizionario di giapponese, un database di spam e virus, il più completo database sui compleanni di serie Anime e Manga e un database sulle shitcoin. Miner della domenica, Alfredo ha una forte passione per le crypto ed è un fan di EOS.