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Rippling, R3 agrees to end the battle for over five billion Cryptovest XRP tokens

Rippling, R3 agrees to beat the Supreme Court over five billion XRP

the company that develops cryptocurrency XRP and R3 Corda, the consortium David Rutter's blockchain, signed an out-of-court settlement on a purchase clause in the 2016 agreement that gave R3 options to buy 5 billion XRP tokens, Ripple said in a press release Monday. At the time of signing the contract, the price of XRP was very low, but increased significantly in 2017 and 2018 and currently 5 billion XRP tokens are equivalent to more than $ 1.3 billion.

The out-of-court settlement means that the lawsuits between R3 and Ripple will be closed.

"R3 HoldCo LLC, R3 LLC, Ripple Labs …

This article appeared for the first time on Cryptovest

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