announced Ripple, the company focused on the cryptocurrency XRP, announced the purchase of just under $50 million of XRP during the third quarter of this year.

The purchase came despite the fact that Ripple owns a huge supply of XRP that Ripple stores in its escrow accounts, to sell to other companies, a volume of nearly half of the entire supply of XRP.

In its report, Ripple said:

As holders of XRP, we believe that proactive communication and transparency are part of being a responsible stakeholder.

The purchase is not surprising given the company’s behavior earlier this year.

Ripple indicated in its Q2 2020 XRP Markets Report that it is in the process of buying XRP coins.

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Ripple’s decision to purchase XRP was made in order to support the markets, keep them healthy and test the Ripple Credit Line product.

Ripple Credit Limit is a new beta service on the RippleNet network that allows customers to use On Demand Liquidity (ODL) to generate On Demand Capital.

This solution provides customers with the opportunity to purchase XRP from Ripple directly on credit, saving upfront capital.

Ripple suggests that this can help speed up the performance and scale of its business.

In the long term, Ripple is building these ODL capabilities to provide XRP liquidity from the open market and not just Ripple.

In the third quarter of this year, Ripple’s focus on sales became very clear through the numbers.

According to the company’s sales summary table, Ripple generated $81 million in ODL sales, a significant increase from the $32 million recorded in the previous quarter.

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