Ripple revenues from sales of XRP tokens doubled in the third quarter of this year. compared to the second quarter of 2018. This is due to the quarterly report of the company published on October 25.
In the third quarter of 2018, the company sold XRP for USD 163.33 million, more than twice as much as in the previous quarter. The sale was split between Ripple and its subsidiary XRP II, which achieved results of 65.27 million USD and 98.06 million USD of sales revenues respectively.
The sales volume in the third quarter is 0.172 percent of the total amount of XRP in circulation around the world, while in the second quarter the figure was 0.125. In the third quarter, Ripple released 3 billion – or 1 billion each month – XRP.
In the same quarter of 2017, XRP II sold XRP worth USD 52.2 million. In the third quarter of last year, sales accounted for 0.20 percent of the total value of $ 16.50 billion in circulation.
In addition, Ripple notes that the volatility of XRP was low for most of the third quarter of 2018, with a rise in price over the last two weeks of the quarter.
Last month, Ripple announced that it would create a Securing America’s Value of Coalition coalition aimed at lobbying policymakers and financial regulators in DC. The group’s goal is to alleviate the government’s attitude to innovation and to promote competition in the global ecosystem. As part of the initiative, Ripple will pay the Klein / Johnson Group, a lobbying group, to help cryptocurrency and blockchain communities to provide regulatory authorities with information that the market needs government support. The group will reportedly receive around USD 25,000 per month and 10,000 in the XRP from the coalition.