Ripple Is Sued Over Cancelling Billion Dollar Contract

cripples on suicide watch

Nobody was holding

this is why the price was forced down so much, so this millionish dollar contract didnt turn into a few billion dollar contract, but it did anyway.

>>3403705
>R3 recently made news when, after spending $59 million on Blockchain analysis, concluded publically that they did not ‘need Blockchain.’ Banks such as JP Morgan Chase have been departing R3 to pursue in-house Blockchain options.

R3 is basically failing in block chain tech so they want easy money from Ripple. Ripple is not willing to give them easy money because they didn't uphold the contract so Ripple is suing them back. HODL and watch Ripple WIN. #XRPTHESTANDARD.

>>3403933
they wanted to sell this shitcoin at 0.0085 while the market price is 0.22, if I was holding ripple i'd be pissed off for being undercut but what do I know

Sold mine, might buy back if it dips due to this news (which it might)

>>3403945
The agreement was signed in September 2016
The price of xrp was less than $0.0085 at that time.
>A Ripple spokesperson wrote, "Our filing is straightforward -- R3 misrepresented their ability and intent to deliver on their commitments. Given XRP’s ~4000% increase over the course of the year, R3 suddenly wants to tap into the value of XRP, though the facts are clear that they did not earn any option based on our agreement."

https://www.forbes.com/sites/laurashin/2017/09/08/blockchain-enterprise-firms-r3-and-ripple-sue-each-other-over-1-billion-of-cryptocurrency/

>>3403933
I'm no Einstein but I don't think you need $59 million to reach to that conclusion