Ripple has released 100 million XRP from escrow, sending the funds to one of its distribution wallets.
The transfer, worth about $32 million, indicates the cross-border payments startup may be about to sell some of its reserves. Ripple owns about 60% of the total supply of XRP and sells portions of its holdings throughout the year to keep the lights on and to reinvest in the XRP ecosystem.
Brazil’s BTG Pactual is the latest bank to join the world of crypto. BTG is creating a platform that will let people buy its new digital asset with Gemini Dollars, and plans to raise up to $15 million, reports Bloomberg.