1 billion XRP chips thawed into Ripple's escrow account


Ripple, a California-based Fintech startup, has released 1 billion XRP coins worth $ 308.89 million in escrow accounts.

Defrosting XRPs will likely be used for several changes to the Ripple ecosystem, as well as for direct sales.

Recall that in early April, Ripple published a financial report on Q1 2019 results, which showed that XRP tokens sales increased 31% over the previous quarter – the company sold tokens for $ 169, 42 million.

In addition, the old deposit account in the first quarter left 3 billion XRP, and the new one received 2.3 billion XRP.

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