Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: Fawpac2 on April 22, 2021, 01:15:40 PM
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In a recent interview with Thinking Crypto, Ripple CEO Brad Garlinghouse said that he was “open” to new ideas when asked about burning XRP tokens that are held in the company’s escrow:
I’m always open to and interest in new ideas that are good for the XRP ecosystem. I don’t rule anything out.
Garlinghouse also mentioned that it didn’t make sense for Ripple to "dump XRP," dismissing such accusations as misinformation.
A whopping 47.8 billion XRPs ($65.4 billion at press time) are currently locked in Ripple’s escrow. This is more than the cryptocurrency's current circulating supply of 45.4 billion tokens. In December, Ripple CTO David Schwartz tweeted that there would be “nothing” that Ripple validators and the community could do to stop validators and the community from burning the tokens. Source (https://cryptonews.net/560378/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)