Former Ripple director Sean McBride published a post on social network X to suggest a move that Ripple Labs should make using the large funds in its possession.
Former Ripple director Sean McBride published a post on social network X to suggest a move that Ripple Labs should make using the large funds in its possession.
Ripple should “invest, build, repeat”
McBride believes it is now important for Ripple to “acquire another company” and spend some of the money it has on it. “Reinvest, build, repeat,” he tweeted in encouragement, addressing his former blockchain giant employer.
Ripple needs to acquire another company. Spend some of that money instead of sitting around for no apparent reason. Reinvest, build, repeat.
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Earlier this year, McBride tweeted that “Ripple has tons of capital.” Recently, the San Francisco-based fintech giant landed several important new partnerships. One of them was in Japan, when Ripple announced a new partnership with blockchain consulting company Hashkey DX based in Tokyo, Japan.
The second partnership was signed by Ripple with a UK-based payment provider Clear Junction. The aim was to increase the efficiency and security of payments in pounds sterling and euros.
Yuri MolchanRipple shovels 150 million XRP
On Friday, June 7, the giant Ripple was seen transferring a whopping 150 million XRP coins to an unregistered blockchain wallet. This data on the transfer worth $78,209,179 in fiat currency was shared with the cryptocurrency community by the popular cryptocurrency tracking service Whale Alert.
This amazing transfer raised eyebrows and caused many XRP fans to leave questions and guesses in their comments about what is happening and what could be the reasons behind this important XRP transaction. Some wondered if Ripple had started selling some of his XRP holdings.
The Bithomp XRP explorer shows that the 150 million left Ripple’s -5x1o91m wallet and went to an anonymous address -63sKxv3. However, behind it is Ripple, according to the same data source. Therefore, this massive transfer of XRP could mean a sale that the cryptodecacorn intended to make.
