Ripple continues to strengthen its position in the global financial system through smart escrow strategies
• Ripple deposited 700 million XRP (worth 2 billion dollars) in an escrow account, as part of a carefully calculated monthly cycle.
• This occurred through 3 consecutive transfers indicating a modified strategy behind the scenes.
• The action comes amid fluctuations in the XRP price which dropped to 2.98 dollars following the US Federal Reserve's decision.
• Ripple aims to tokenize global financial assets by integrating XRP into bank settlements.
• The company is moving towards creating a fully digital bank operating on the XRP ledger, targeting a market estimated at 196 trillion dollars.
💡 What is happening now could be a precursor to a significant transformation in the global financial infrastructure