Ripple update: XRP Ledger observations and questions
I like to check in on XRP Markets at the Charts page of ripple:
One thing I noticed is the the XRP ledger is a .5% of all transactions (its usually .4%, going higher when they test, but that number is somewhat relative). I think that this is the first time the majority of transactions on the ledger have been USD/XRP and vice versa. Usually most of the ledger transactions are XRP/CNY.
I assume this increase in XPR transactions are tests and the product going live. But what is with all these CNY tx’s? Are there a significant number of Chinese banks testing? Who is using the actual ledger?
It looks like the XRP/USD tx’s are from bitstamp. Is that how xRapid works- getting XRP from bitstamp? If not, how do xRapid tx’s appear on the ledger?
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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