Ripple (XRP) released its market report for the third quarter of 2018 yesterday. Together with its subsidiary financial service provider XRPII, it sold $65.27 million and $98.06 million USD, and the value of XRP increased by 22% to more than $163 million USD. Ripple continues to work with different financial institutions to stimulate demand for Ripple.
According to the company’s report, the market value of the entire digital asset fell 12% in the third quarter, while the price of the XRP was relatively stable, volatility increased in the last two weeks with the increase in the currency price. In the third quarter, Ripple released $3 billion worth of Ripple, of which more than $2.6 billion has been transferred to another hosting contract, and the remainder will be used to develop the Ripple Ecology.
Ripple has been quite active recently and continues to drive business growth. In September 2018, the company announced that it would unite a group of industry start-ups, lobbying legislators and officials of the financial system, and hoped that Washington could support the development of the global cryptocurrency industry. Cory Johnson, the company’s chief market strategist, said that when he contacted officials, he found that the other party seemed to be quite interested in the industry, but did not disclose further details.