Blockchain firm Ripple Labs has released its latest quarterly report for Q2 2024, with the same expanding on detailed market...
has released its latest quarterly report for Q2 2024, with the same expanding on detailed market trends, revenue, regulatory wins, and critical industrial progress.
The firm went on to say that this decline in transactions arose from higher average transactional costs. The report indicated that transaction costs increased from 0.00147 to 0.00394 – A 168% surge. It will also establish a fund to allocate $10M to the treasury bills. Owing to the same, tokenized T-bills for XRPL will be next in the institution’s list of plans. This will allow users to mint using Ripple USD when it launches this year.Notwithstanding the ongoing bearishness of the crypto-market, Ripple and XRP are still at the end of a legal tussle with the United States’ SEC.
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