Ripple has published the Quarterly Financial Report, saying it doubled revenue from XRP token sales in the third quarter.

Ripple publishes XRP Market Report Q3 2020. Indeed, to provide relevant XRP-related announcements and regular updates, on the company’s views on the state of the XRP market.

Undoubtedly, the Quarterly XRP Market Report is a regular report published by Ripple. It details the company’s views on the XRP market.

The XRP Markets Report

To clarify, some parts deal with new services and features. While others explain the company’s general views on XRP.

In this respect, Ripple said:

“Proactive communication and transparency are part of being a responsible stakeholder.

He added: “Ripple urges others in the industry to follow his example to build trust. Also, to encourage open communication and raise standards across the industry”.

Essential services

The Ripple Credit Line

It is a new service, launched last quarter. Basically, it enables clients to use Liquidity on Demand (ODL), to raise capital when needed.

In fact, this solution, provides customers with the opportunity to purchase Ripple XRP on credit, which provides upfront capital. Therefore, Ripple states that: “This can help accelerate the performance and scale of your business”.

Indeed, the latest report states that customers are satisfied with this service. As a result, the Credit Line will be enhanced to offer more innovative solutions to Ripple’s customers.

Interestingly, the service is currently in beta stage. And it is only available to selected ODL customers.

XRP Purchasing

Naturally, this is a short-term product solution for the beta credit line. In the longer term, Ripple is building new ODL capabilities, to dynamically obtain XRP liquidity from the open market, not just from Ripple.

According to the company: “Last quarter, total XRP sales, net of purchases, were $35.84 million (USD) compared to $32.55 million in the previous quarter”.

In addition: “Ripple focused only on its sales and over-the-counter (OTC) leases. As part of providing increased XRP liquidity to certain RippleNet ODL customers to enhance their ODL experience. Eliminating the need for pre-financing and allowing instant balloon payments”.

Volatility

In parallel, the XRP standard deviation of daily returns during the third quarter was 3.5%. This represents an increase in volatility of 3.0% for the second quarter and 6.2% for the first quarter.

The volatility of XRP during the quarter was higher than BTC (3.2%) and ETH (3.3%).

Liquidity and Volume

In terms of overall liquidity and volume, XRP ended the quarter as the fourth most traded digital asset. Precisely, moving up from its fifth place ranking last quarter.

The XRP Ledger

By the way, a section of the report deals with the XRP Ledger Foundation. Which supports the development and adoption of XRP Ledger. Also, Ripple partnered with companies such as Coil and Gatehup, to provide the initial donation to this non-profit foundation.

In this regard, the Foundation’s vision is to accelerate the development of a healthy XRP Ledger ecosystem. Specifically, that encompasses the participation of developers, public and private companies and social initiatives focused on financial inclusion and sustainability.

Sustainability

Addressing sustainability in all industries has become a global priority. And so, boosting future economic growth.

Therefore, sustainability has been one of the most critical focus areas for Ripple in the last quarter. For example, they have partnered with the Energy Web Foundation and XRPL Foundation, to lead the way towards a Carbon Neutral Crypto Code. Very importantly, XRP Ledger will be among the first to move towards that goal.

Market Comment

In conclusion, Ripple published a market commentary in the last part of the report. The company focuses on three themes in this report: crypto currencies to avoid inflation, increased institutional adoption in the crypto currency industry, and the rise of DeFi products in recent months.

I leave with this quote from Zig Ziglar: “New information makes new ideas possible”.