San Francisco-based cross-border digital payment company Ripple is set to continue selling XRP for the next 21 years.

Ripple owns more than half of the total supply of 100 billion XRP and established an escrow program in 2017 to manage its sales.

According to a new report from XRPArcadean independent media source covering Ripple news, Ripple has sold an average of 196 million XRP per month since December 2017, and at this rate the company will continue its sales until April 2041.

A total of 5.5 billion XRP has been permanently moved from Ripple’s wallets, indicating that the company has sold a total of $1.03 billion in XRP at the time of this post.

A well-known Ripple wallet that is being used to distribute XRP to third parties has remained very active and sent a total of 75202,102 XRP to anonymous wallets last February.

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Ripple is scheduled to release its first-quarter 2020 XRP Markets Report by the end of April, and the company has also slowed sales of the third largest cryptocurrency.

In the fourth quarter of last year, the company said that it sold 13.08 million XRP directly to institutional actors in OTC transactions, and that the company did not sell any XRP on cryptocurrency exchanges.

However, the Ripple-owned wallet remained exclusive to selling its holdings to institutions, and also remained very active in February, sending 75202210 XRP worth $17 million to anonymous wallets.

Ripple will reveal the exact amount of XRP that has been sold when the company releases its first quarter recap of the current year, thus revealing its XRP movements.

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