Ripple, the company that develops XRP cryptocurrency, and R3 Corda, the blockchain consortium of David Rutter, have signed an out-of-court agreement over a purchase clause in the 2016 agreement that gave R3 options to buy 5 billion XRP tokens, Ripple said in a press release on Monday. At the time of signing, the contract the price of XRP was very low, but it rose significantly in 2017 and 2018, and currently, 5 billion XRP tokens equals 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...
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