Ripple Moves 121 Million XRP Along with Top-Line Spark Airdrop Supporting Exchanges

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Tue, 12/08/2020 - 09:34
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Yuri Molchan
Ripple, with top crypto exchanges, has shifted a cumulative of 121 million XRP, while RippleNet client OrbitRemit Limited plans to start money transfer from NZ to India
Ripple Moves 121 Million XRP Along with Top-Line Spark Airdrop Supporting Exchanges
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As reported by XRPL Monitor tracking service, the Ripple blockchain giant, along with top-line digital exchanges, have transacted a total of 121 million XRP.

In the meantime, RippleNet customer Orbit Limited has teamed up with the Federal Bank of India to start instant money transactions from NZ to India.

Ripple and crypto trading monsters shift $72,546,597 in XRP

The fintech decacorn spearheaded by Brad Garlinghouse has again been noticed transferring a gargantuan amount of XRP.

This time, Ripple's transfer of 60 million XRP tokens went together with XRP transactions by top-tier players in the crypto trading industry: Coinbase, Bitfinex, Binance, Bittrex, BitGo and others.

XRPL Monitor, the popular tracking service, has spotted these exchanges wiring 61 million XRP between each other.

In total, the amount of the transferred XRP tokens is 121 million, which is $72,546,597 in fiat.

XRP
Image via Twitter

Spark airdrop supporters shifting XRP

Nearly all of the exchanges detected moving XRP earlier today have recently announced that they will be providing support to the Flare Networks' XRP utility hard fork and the Spark token airdrop for all XRP holders to follow.

Among these exchanges, XRPL Monitor saw Binance, Coinbasewhich announced its participation on SundayBitfinex, Coinone, Bitbank and Kraken.

The XRP ledger snapshot for the upcoming Spark token distribution to the XRP community will be taken on Dec. 12, which leaves the community with just three days to go.

Related
Ripple Giant Helps Wire Whopping 225.2 Million XRP Over Past 24 Hours

RippleNet's OrbitRemit Limited aims at cash transfer facility to India

Meanwhile, Federal Bank, a major bank in India that has set a target of digitizing all of its branches in the country, has joined forces with RippleNet member OrbitRemit Limited to set up instant remittances from New Zealand to India.

OrbitRemit Limited is a major remittance company in New Zealand, and it provides cash transfer operations to almost forty countries around the world.

Now, the company intends to provide the capacity for Rupee remittance from New Zealand to India.

At the moment, Federal Bank handles over 17 percent of personal incoming remittances to India, the source says.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

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