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Ripple’s recent actions have sent shockwaves through the cryptocurrency market as they reshaped their XRP strategy with a shake-up of their escrow system. The move saw around 400 million XRP tokens, worth approximately $876 million at current prices, moved into an escrow account.
The unusual change in strategy has led to speculation about its potential use cases, with many wondering if the funds will be used for Ripple’s On-Demand Liquidity (ODL) service, exchange-traded products or future partnerships.
Source: usethebitcoin.com
