Crypto startup Ripple has seen revenue from sale of its digital asset XRP more than double during July, August and September. It sold $163.33 million in XRP, compared with $75.53 million three months earlier. This was announced by Ripple Labs in a financial earnings report. The first quarter of the year however, was the best one so far. Back then $167.7 milion in XRP was sold.
Compared with last year Ripple is doing better. In the third quarter of 2017 the company noted $52.2 million in revenue from XRP. That means the company tripled its revenue. However, in the three months of 2017 the entire crypto market saw an incredible value increase. Investors are still waiting for such a bull run to happen this year.
Just like the rest of the market, XRP has seen a huge decline in value this year. Even though the coin did make headlines during a price rally late September.