Ripple Launches Twitter Bot To Let Investors Track XRP Escrow Movements

Umme Haani
Umme Haani is a writer for Thecoinrepublic. she contributes a researched piece on cryptocurrencies and updates. Umme is an aspiring engineer who immensely enjoys writing and technical writing brings the best of both worlds under one roof for her.
  • Ripple, a blockchain network offering easy and reliable payments has recently announced the launch of a Twitter Bot.
  • Ripple also provided a brief outlook of the Q1 2020 XRP Markets Report. The mentioned report is to provide an insight into the economic effects on the crypto markets at present. 
  • In the year 2017, Ripple had decided to lock up 55 Billion XRP in a few escrow accounts to fill confidence in the investors.

Ripple’s Twitter Bot will allow the trace of XRP Escrow Movements

Ripple, a blockchain network offering easy and reliable payments has recently announced the launch of a Twitter Bot. It tweeted that the Twitter Bot has been launched to let its users track the movement of investments on Twitter. Thereby, investors can now trace Ripple’s XRP escrow movements on a monthly basis.

It further sought users’ attention to follow the @XRP_EscrowBot, as this enables the access of information. The bot that is released will further enhance the transparency of the platform’s financial activity. Ripple’s tweet also brought to attention the key features of the bot. 

Ripple provides an outlook of the Q1 XRP Markets Report

Ripple also provided a brief outlook of the Q1 2020 XRP Markets Report. The mentioned report is to provide an insight into the economic effects on the crypto markets at present. Besides this, it will provide transparency and regular updates regarding the company’s perspective on the XRP market state. Forbye, it will highlight aspects such as quarterly programmatic and institutional sales and many other issues too. According to the report, Ripple’s total sale accounts for $1.75 Million in XRP. Whereas in the previous quarter it accounted for $13.08 Million.

Ripple locked up 55 Billion XRP in escrows in 2017

In the year 2017, Ripple had decided to lock up 55 Billion XRP in a few escrow accounts to fill confidence in the investors. Ripple’s team had elucidated on how this move of theirs would result in enhanced predictability of the XRP’s circulating supply. They threw light on how the escrows relying on the ledger and its mechanics will control the release of its cryptocurrency.

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