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XRP Healthcare suspends XRP-to-XRPH exchange. Here’s why – Times Tabloid

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XRP Healthcare, a pioneer in using blockchain technology to revolutionize healthcare, has decided to discontinue its recently launched XRP for XRPH token swap feature on its mobile wallet app by June 7, 2024.

This new development was recently announced in a press release. The initiative comes as a result of the increasing demand for XRPH tokens and demonstrates the company’s commitment to preserving the token’s limited supply.

Also read: Brad Garlinghouse says Ripple plans to consider acquisitions in the future

XRP Healthcare operates the first-ever pharmaceutical and healthcare platform built on the XRP Ledger. This platform enables fast global payments, improves access to healthcare in developing countries, and drives real-world value by driving positive change in global healthcare through strategic mergers and acquisitions.

Expansion to Africa

The Company is actively pursuing expansion plans across Africa, with a focus on Uganda. This includes the successful registration of its trademark in Uganda, a critical step in branding private takeovers of healthcare pharmacies, medical centers and hospitals under the XRP Healthcare logo.

XRP Healthcare has also recently achieved significant milestones as the XRPH token has seen a meteoric rise, climbing from over 3,500th place on the CoinMarketCap rankings to around 1,500th place. Although the token has seen a slight decline recently, this initiative to increase scarcity could help it climb higher.

XRP Healthcare is currently raising funds to finance mergers and acquisitions of private healthcare facilities. The company is committed to self-sufficiency and operates independently and without dependence on third parties.

Maintaining token value through scarcity

The XRPH token has a fixed total supply of only 100 million. To ensure that the token’s scarcity is maintained in the long term, XRP Healthcare has rendered the issuance account inoperable, effectively preventing the creation of additional tokens.

This approach, also known as blackholing, is very different from traditional financial systems, where governments and central banks have the power to increase the money supply at will. This unrestrained printing of fiat money can reduce its value over time.

Also read: Disappointing History of XRP Airdrops: Examining Disappointing Results Like Flare (FLR) Airdrop

Scarcity is a major factor in cryptocurrency prices and plays a fundamental role in the cryptocurrency world. Bitcoin, a prominent example, experiences a halving event approximately every four years. This event reduces the reward for mining new blocks by half, which inevitably limits the supply of new Bitcoins.

Another good example is the widely used meme coin Shiba Inu (SHIB), which burns tokens to increase its price. The CEO of XRP Healthcare believes this move will protect the long-term viability of the tokens. He hopes that customers will be able to benefit from the limited supply of XRPH as the tokens become increasingly scarce.

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