Ripple Sets Up Buyback Plan At $50B To Tighten Supply

Ripple Labs just unveiled a $750 million share buyback plan after the IT company received a $50 billion valuation. Corporate buybacks of this magnitude are beneficial in the related digital asset’s long-term growth, in this case XRP & RLUSD. Ripple Inks 25% Growth In Company Shares Describing this initiative, Ripple’s representatives said they would initiate a buyback campaign starting from April. Employees & early Ripple Labs investors are able to participate in the deed, demonstrating confidence in their private market valuation. https://twitter.com/blckchaindaily/status/2031817251012165665 This comes as no surprise since Ripple Labs netted another $500 million in the latest funding round

Continue reading on DailyCoin.