Ripple’s XRP escrow method questioned, lawyer says supply could have been fully released by 2023

Lawyer Bill Morgan has raised concerns about Ripple ’s long-standing approach to distributing XRP held in escrow, arguing that the company could have completely released its escrowed holdings by the second half of 2023 if it had not periodically relocked unused tokens. Ripple, the company behind the global digital payment protocol and issuer of XRP, established an escrow system in December 2017. At that time, Ripple placed 55 billion XRP into 55 separate escrow contracts to manage the supply entering the market each month. Each month, up to 1 billion XRP becomes available to Ripple for release.

Source: CoinTurk News