Ripple is getting sued by R3 Another Blockchain Company

bunnychum (66)in #cryptocurrency • 7 years ago

Hello Steemians,

I came across with news, that a blockchain company named R3 filled a Lawsuit against Ripple (XRP). And i find it a quite a stupid/funny story.

Ripple signed a deal in the past with R3 to sell upto 1 Billion Ripple (XRP) Tokens at a fixed price of $0.008 till Jan 2019 despite of market price. Few days back CEO of Ripple sent an email to R3 to cancel the mentioned contract instead R3 filed a Lawsuit against Ripple.

Now thinking of this even if R3 buys 1 Billion XRP token at the price of 0.008 USD they will be getting it on quite a cheap price and can sell XRP tokens right away earning more than 19 Billion USD.

If this happens what will happen to Ripple Market. Ripple will be crashed hard.

Please upvote and comment below what are your thoughts on this.

Follow Me: @BunnyChum

#blockchain #ripple #news #money

7 years ago in #cryptocurrency by bunnychum (66)

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rougebot (58) 7 years ago

This post is upvoted with 100% Voting Power by @rougebot.

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zazaibot (16) 7 years ago

i liked it nyc
follow me at @zazaibot i will follow you back upvote me restreem my posts i will do yours to become both rich :D
thanks

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suekyuri (25) 7 years ago

Thanks for the information you shared

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bunnychum (66) 7 years ago

thanks for upvote @suekyuri
Following you...

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joanstewart (65) 7 years ago

More and more research is needed before entering into cryptocurrencies, unfortunately you never know what wheeling and dealing is happening in the inner workings.

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