This Ripple Invested Crypto Unicorn Moved 36,100,000 Million XRP
According to the data shared by Whale Alert crypto tracker, slightly over eight hours ago, Bitso crypto exchange participated in moving 36.1 million XRP.
Bitso shovels over 36 million XRP tokens
Whale Alert has detected that 20 million XRP has been received by the crypto unicorn Bitso located in Mexico.
Later on, Bitso shifted 16,100,000 XRP between its wallets internally, according to the additional data from the Bithomp analytics platform that tracks XRP transactions.
In early May 2021, U.Today covered that after the close of a major funding round, Bitso’s valuation soared above $2.2 billion and the Mexico-based crypto exchange became the first crypto unicorn in Latin America.
Back then, Bitso managed to raise over $250 million in the Series C investment round.
In October 2019, the exchange received an undisclosed investment from technology provider Ripple and began using its XRP-based on-demand liquidity (ODL) technology for remittances in Latin America.
Ripple ODL sales soar 46 percent
In the recently published a Q4 report, Ripple behemoth stated that its XRP sales related to ODL customers had gone over a whopping $1 billion in the fourth quarter 2021, thus showing a 46-percent increase and spiking to $717 million compared to the $491.74 million sales in the third quarter.
According to the document, global demand for ODL has increased significantly to date and ODL now has twenty payment marketplaces.
The San-Francisco-based tech giant has also bought XRP worth $321.97 million in the secondary market.
