The transition to the new XRPL fund begins
Brad Garlinghouse
The purpose of acquiring XRP is above the market price?
Target: XRP Price Breaks Above Multi-Year Level
Our strategic vision for Ripple's growth and innovation. At the end of last year, the initial foundation was laid for the launch of a new XRPL fund, including the registration of a new fund in France. This important milestone allowed the founding members (XRPL Commons, XRPL Labs, Ripple, and XAO DAO) to continue with immediate next steps. Accordingly, the migration of assets from the previous organization to the newly created fund is currently underway. And to speed up this process, we decided to buy XRP from users for other Ripple crypto assets (Bitcoin, Ethereum, etc.)
Live Broadcast Update
Brad Garlinghouse
Recording of Brad Garlinghouse's live broadcast on adding funds to Ripple's escrow accounts
Why this transition is important
Throughout its history, the XRPL Foundation has played an important role in maintaining the security and decentralized status of the XRPL by publishing a trusted UNL. Validators and node operators can contribute to maintaining an up-to-date, secure, and well-managed network by updating their configurations to the new UNL, providing a smoother and more reliable blockchain infrastructure.
The start of the acquisition of XRP by Ripple
The main sponsor of this event is Brad Garlinghouse and XRP Labs.
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