Distributed ledger tech startup Ripple saw revenue from the sale of the digital asset XRP more than double this past quarter compared to the second quarter of 2018.
In its Q3 2018 XRP Markets Report, released Thursday, Ripple announced it sold $163.33 million in XRP, up from $75.53 million in the second quarter. Most of the increase came from institutional direct sales, where Ripple subsidiary XRP II sold $98.06 million, compared to only $16.87 the quarter before. It saw a much smaller increase in programmatic sales quarter-over-quarter, going from $56.66 million to $65.27 million. That being said, Ripple has yet to match its first-quarter sales of $167.7 million. Year-over-year, Ripple is still coming out ahead: it sold $19.6 million in XRP in direct and $32.6 million in programmatic sales during the third quarter of 2017 when the cryptocurrency market bull run was entering its peak. Notably, while Ripple has previously made some mention of new customers in its markets reports, to the point of saying it saw its "best quarter ever in Q2" in terms of customer growth, its latest report did not discuss adding any new clients.
About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.
Ripple’s (XRP) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as CEX.io and Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinEx, Binance, and HitBTC.
Ripple (XRP) is up 0.28% over the past 24 hours and is currently trading at $0.462114 on CEX.io. XRP's total market cap is currently $18,579,548,063 and there is a circulating supply of 40,205,513,967 XRP
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