Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Mc_Moneysack on January 25, 2018, 02:13:24 PM

Title: Two new partners for Ripple -price still dropping
Post by: Mc_Moneysack on January 25, 2018, 02:13:24 PM
Ripple announced that they would partner with two new companies: https://ripple.com/insights/more-global-payment-providers-idt-and-mercuryfx-sign-up-to-use-xrp/ (https://ripple.com/insights/more-global-payment-providers-idt-and-mercuryfx-sign-up-to-use-xrp/)

Shouldn’t this be news that’s causes the price to rise?
Title: Re: Two new partners for Ripple -price still dropping
Post by: Cryptomania101 on January 26, 2018, 12:39:31 AM
I heard ripple is centralized. Im not sure if it is true.
Does anyone have any info?
Title: Re: Two new partners for Ripple -price still dropping
Post by: UnknownOne_00 on January 26, 2018, 03:14:58 PM
It is centralized in the sense that the Ripple company owns and holds most of the supply and releases it step by step when they see it fit.
Title: Re: Two new partners for Ripple -price still dropping
Post by: Cryptomania101 on January 26, 2018, 04:16:53 PM
Quote from: UnknownOne_00 on January 26, 2018, 03:14:58 PM
It is centralized in the sense that the Ripple company owns and holds most of the supply and releases it step by step when they see it fit.

Thats not that bad. I was thinking more like a central bank. How do they release supply? Or do they just sell on market?