Ripple has announced a change in the format of its XRP reports while remaining committed to transparency. CEO Brad Garlinghouse states that the changes are aimed at improving communications as the company expands into new markets.
Changes in Ripple's Reporting
Since 2017, the XRP Markets Report has served as a tool to provide clarity around XRP holdings; however, the company noted that this transparency was sometimes used against them, particularly in regulatory disputes.
Transparency and Communication Revamp
Ripple emphasized that information about XRP holdings will still be publicly available on their website, but updates about the market and XRP's status will now be communicated in real-time through the company's social media channels.
Future of XRP Reporting
The company stated that they are committed to modernizing their communications while continuing to expand their presence in new institutional markets.
The changes in Ripple's reporting demonstrate the company's commitment to maintaining transparency and effectively informing investors about developments in the XRP market.
