R3's claim against Ripple has exceeded $ 19 billion The amount of the claim brought by the R3 blockchain consortium of the cryptocurrency company Ripple is approaching $ 20 billion, while XRP's capitalization is about $ 140 billion.

дата:
R3's claim against Ripple has exceeded $ 19 billion The amount of the claim brought by the R3 blockchain consortium of the cryptocurrency company Ripple is approaching $ 20 billion, while XRP's capitalization is about $ 140 billion.

R3's claim against Ripple exceeded $ 19 billion

The amount of the lawsuit brought by the R3 blockchain consortium of the cryptocurrency company Ripple is approaching $ 20 billion, while the capitalization of XRP is about $ 140 billion.

The disagreements between the two companies are caused by a contract signed back in 2016. R3 claims Ripple violated the terms of the partnership agreement, according to which R3 can buy back 5 billion XRP, paying $ 0.0085 per unit.

XRP has gained 45,000% since this deal and peaked today, January 4th at $ 3.84.

If the R3 requirement is met, the blockchain consortium will be able to buy back 5 billion XRP, equivalent to $ 19.2 billion, for only $ 42.5 million, that is, 99.8% below the market price.

Ripple says R3 defaulted on contractual obligations, which in turn removes all responsibility from the California startup.

So far, the fate of 5 billion XRP remains unresolved. In October, a Delaware court declined to consider the case, saying it did not come under its jurisdiction. In December, a Californian judge gave the same answer to Ripple's counterclaim against R3..

Similar articles

Комментарии

Отправить комментарий