Billion

Coin

<ul class="news-points"> 
 <li>Ripple Labs faces skepticism about alleged plans to repurchase 10 billion XRP.</li> 
 <li>XRP lawyers doubt Ripple’s ability to acquire $5B for the reported buyback.</li> 
 <li>Ripple already holds 50 billion XRP in escrow, making the source repurchase illogical.</li> 
</ul> 
Recently, a website claimed that <a href="https://coinedition.com/tag/ripple-xrp/">Ripple Labs</a>, the blockchain firm associated with XRP, plans to repurchase a staggering 10 billion XRP tokens from its circulating supply. 
However, prominent lawyers in the crypto community have expressed skepticism over the feasibility of such an endeavor, raising crucial questions regarding Ripple’s ability to acquire the necessary $5 billion to execute the reported buyback. 
The skepticism was first <a href="https://twitter.com/JohnEDeaton1/status/1672750275646423040?s=20" target="_blank" rel="nofollow">voiced</a> by prominent pro-XRP lawyer John Deaton, who tweeted: “I don’t believe Ripple is buying back 10B XRP until I hear it from Ripple.” 
Deaton’s skepticism found support from another XRP lawyer, Bill Morgan, who delved deeper into the financial implications of such a buyback. Morgan questioned the source of the $5 billion required to repurchase the significant number of XRP tokens at their current market price. 
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The post <a rel="nofollow" href="https://coinedition.com/crypto-lawyer-ripple-has-no-5-billion-to-buy-back-10-billion-xrp/">Crypto Lawyer: Ripple Has No $5 Billion to Buy Back 10 Billion XRP</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto Lawyer: Ripple Has No $5 Billion to Buy Back 10 Billion XRP

Coin Edition

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