Recent statements by a prominent figure in the XRP community known as Stellar Rippler raise new questions about the purpose behind Ripple's XRP token sales. He argues that these sales have strategic significance rather than being solely profit-driven.
Perspective from Stellar Rippler
Stellar Rippler asserts that Ripple's actions are often misunderstood. Each month, Ripple unlocks 1 billion XRP tokens, with a significant portion, usually up to 700 million, being relocked in escrow, while the remaining amount is available for sale. According to him, the proceeds from the sales are directed towards long-term strategic goals, such as investing in the infrastructure of the next-generation financial system.
Legal Battle Against SEC as an Advantage
Addressing Ripple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), Stellar Rippler characterizes the lawsuit as an unintended advantage rather than a hindrance. He believes that during this legal process, the company has managed to develop productively by executing significant acquisitions and launching new products while staying under public radar.
Ripple's Expanding Role in the Global Financial Ecosystem
Stellar Rippler highlights that Ripple now encompasses a broader market beyond just cross-border transactions. Through its technology, RippleNet is positioned as a direct competitor to institutions like SWIFT. With the launch of RLUSD, Ripple is also competing with stablecoin issuers. In this context, XRP sales are financing these efforts to strengthen their influence in the global financial system.
According to Stellar Rippler, understanding the true reasons behind XRP sales is crucial, as it plays a vital role in constructing a new financial ecosystem. He urges a reconsideration of negative perceptions regarding Ripple's actions.
