Ripple reported a significant decrease in XRP sales in Q3 2019

Ripple reported to the community on the work done in the 3rd quarter of 2019. According to a document publishedon the official website of the company, in the consideredperiod, XRP sales decreased almost threefold and amounted to $66.2 million. Note that this figure is 74% lower than the record set a quarter earlier ($251.5 million).

The report states that the company intends to providebringing unprecedented transparency to the XRP coin while encouraging the industry to follow suit. Such steps will help build trust and raise the bar in the industry.

According to the report, in the third quarter the price of XRPfell by 35.4%, while the total market capitalization of digital assets dropped by 30.4% during the same period. XRP trading volume fell 53% from $39.1 billion to $18.2 billion. During the quarter, 3 billion XRP was released from escrow, while 2.3 billion was included in new escrow agreements.

Report Says XRP Is Ideal“for global settlements because the token is faster, cheaper and much more scalable than other digital assets.” When compared to BTC, Ripple claims the following benefits of XRP:

Speed: 3.80 seconds (XRP) vs 9.2 minutes (BTC);

TPS: 1500+ (XRP) vs 7 (BTC);

Commissions: $ 0,0003 (XRP) versus $ 0,758 (BTC).

Ripple has paid special attention to spreading FUD and misinformation about XRP. According to the report, the Internet is filled with “bots” that supply the network with unsubstantiated information about price manipulation.

According to Ripple, we need to be above this and see technology as an opportunity to solve existing problems, and not as a religion.

Finally, the company stated Ripple's intention to continue to take proactive steps to eliminate misinformation and FUD while being a responsible and transparent participant in XRP.